$2,100,000
Pending
59 Days Online
10 Beds6 Baths6,140 SQFT
Pending

199-201 Lafayette Salem, MA 01970

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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

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Monthly Payment (Est.)

$11,279
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