Pending
1-7 Prince St
Salem MA, 01970
$1,700,000
$255.41 per sqft
Pending
16 Beds
8 Baths
6,656 sqft
Multi-family
Built in 1960
Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
73228864
MLSⓇ ID
April 25, 2024
Listed
April 29, 2024
Updated
Map
1-7 Prince St
Salem MA, 01970
Interior Features
Total Stories
7
Bedrooms
16
Total Bathrooms
8
Interior Features
Living Room, Kitchen
Appliances
Range, Refrigerator
Floor Description
Wood, Vinyl
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard, Oil
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
Corner Lot
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$12,804
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking
Paved Drive, Off Street, Assigned, Paved
Parking Total
10
View
No
County
Essex
Water Source
Public
Pool
No
Zoning
R3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/29/2024 | Pending | — |
Courtesy of The Green Team, Armstrong Field Real Estate
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Data last updated 11:07 PM UTC, 4/29/2024
