42 Park Street

Estimated Monthly Payment: $7,753/mo 42 Park Street, Salem, MA 01970 MLS# 72509015 Multi-family Listing Status: Sold
22
9
9,012 sqft

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5
0
0

REMARKS:

Rare investment opportunity near downtown Salem. The subject property is a nine (9) unit brick apartment building with 5 to 6 off street parking spaces and eight (8) bay garages. The opportunity consists of two (2) one bedroom apartments, four (4) two-bedroom apartments, and three (3) four-bedroom apartments. Each unit has lead certificates and the tenants have for their own metered utilities. 42 Park Street is ideally located just off Lafayette Street and is 1-mile from the Salem Depot Commuter Rail Station. The current owner has owned the property for a number of years, therefore the rents in place are all under market, with minimal capital improvements, you can bring income up to market making this an ideal value add opportunity.

OVERVIEW:

Multi-family
5-9 Family
Sold
1913
9012
0.14
Brick
Rubber
Fieldstone, Brick
Off-Street
8
Off-Street
Public
Corner
City/Town Water
City/Town Sewer

FEATURES:

Varies per Unit
Wood, Tile, Vinyl

ROOM INFO:

Y
Full
25

FINANCIAL:

$1,485,000
$11,778
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Dan Pouladian, The Mega Group

 

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