199-201 Lafayette Salem, MA 01970
Incredible Investment Opportunity: Discover the perfect blend of style and profitability with this remarkable multi-family property on the sought-after Lafayette St in Salem. Featuring a mix of two (2) 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units, this gem boasts stunning hardwood floors throughout and private decks for each unit. Take advantage of the potential for a lucrative portfolio by combining this property with the adjacent 2 (MLS#73210746) and 4 Chase St (MLS#73210747) which would offer 6 parking spaces for this building. Seller pays for heat and hot water and rents are well below market. See attached OM for detailed income/expenses including pro forma numbers.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyEssex
- Taxes$13,539
- HOA/Condo/Coop Fees$0
- Days on Site59 Days
- MLS StatusPending
- MLS ID Number73210745
- Home Size Source Public Records
- Year Built1915
- Lot Size0.09 Acres
- Full Baths6
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 9
- Acreage 0.09
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Stone
- Zoning R3
- Buyer Agent Compensation 2
- Facilitator Compensation 2
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
- Electricity 60 Amps/Less
Interior Features
- Heating Hot Water
- Flooring Wood
- Interior Laundry Room
- Fireplaces 0
- Fireplace No
- Interior Features Laundry Room
Exterior Features
- Roof Rubber
- Spa No
- Waterfront Property No
- Lot Other
- Patio And Porch Covered
- Lot Features Other
Community Features
- Community Features Public Transportation
- Senior Community No
- Adult Care Community No