286 Washington Salem, MA 01970
Discover an exciting investment opportunity in the heart of historic Salem, MA with this twenty one (21) room rooming house. Perfectly situated in a prime location, this property offers a unique chance to own a meticulously maintained property that has been owned by the same family for over 40 years. Using 2023 numbers this is being offered at an 8% cap rate with projected rents for 2024 bringing to a 9.3% cap rate. A 5% vacancy has already been factored into the gross revenue.**THIS PROPERTY IS TO BE SOLD WITH 108-122 LAFAYETTE ST AS A PACKAGE MLS# 73264543**. Landlord is responsible for all utilities including heat/hw, electric and water/sewer. Seller is willing to explore a seller financing deal for the right buyer. Please see attached for detailed incomes and expenses. Rent roll changes weekly but can be provided upon request.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyEssex
- Taxes$11,188
- HOA/Condo/Coop Fees$0
- Days on Site27 Days
- MLS StatusActive
- MLS ID Number73264544
- Home Size Source Public Records
- Year Built1900
- Lot Size0.07 Acres
- Full Baths3
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0.07
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Stone
- Zoning R3
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
Interior Features
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Rubber
- Spa No
- Waterfront Property No
- Lot Other
- Lot Features Other
Community Features
- Community Features Public TransportationParkLaundromat
- Senior Community No
- Adult Care Community No