2-4 Howard St, Salem, MA 01970

$2,600,000
11
BD
11
BA
4,368
SqFt
List Price
$2,600,000
Status
UNDER AGREEMENT
MLS#
73203858
Bedrooms
11
Bathrooms
11
Full Baths
11
Living Area
4,368
Lot Size (Acres)
0.06
Year Built
1800

Property Description

The Property contains eleven (11) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, six (6) Studio units, and three (3), 2-Room Studio units. The Property has recently undergone extensive renovations to 10 of the 11 units. The renovated units feature hardwood flooring, granite countertops, white shaker cabinets, and stainless-steel appliances in the kitchens. The bathrooms feature tile flooring and walk-in showers. The property also features new coin-operated laundry machines for the tenants to use. The Landlord is responsible for electricity, heat, hot water, and domestic water and sewer. The Property has a central oil-fired furnace that provides heat and hot water for the units. The opportunity exists to increase rents to market rates in a desirable high demand and supply constrained residential market significantly increasing the income generating potential of the asset.

Additional Information

Taxes
$12,438
Lot Description
Level
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Stephen Girolamo from Listing Office: Horvath & Tremblay.

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