1-7 Prince St Salem, MA 01970
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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyEssex
- Taxes$12,804
- HOA/Condo/Coop Fees$0
- Days on Site13 Days
- MLS StatusPending
- MLS ID Number73228864
- Home Size Source Public Records
- Year Built1960
- Lot Size0.22 Acres
- Full Baths8
- Partial BathsN/A
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General Features
- Construction Frame
- Parking Paved DriveOff StreetAssignedPaved
- Parking Spaces 10
- Sewer Public Sewer
- Electric FusesCircuit Breakers
- Basement FullInterior EntryConcrete
- Number of Stories 7
- Acreage 0.22
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Concrete Perimeter
- Zoning R3
- Buyer Agent Compensation 2.0
- Facilitator Compensation 2.0
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
- Parking Features Paved DriveOff StreetAssignedPaved
- Electricity FusesCircuit BreakersIndividually Metered
Interior Features
- Heating BaseboardOil
- Appliances RangeRefrigerator
- Flooring WoodVinyl
- Interior Living RoomKitchen
- Fireplaces 0
- Window Features Insulated Windows
- Fireplace No
- Interior Features Living RoomKitchen
Exterior Features
- Roof Shingle
- Spa No
- Waterfront Property No
- Waterfront Features Beach Front1/2 to 1 Mile To Beach
- Lot Corner Lot
- Lot Features Corner Lot
- Waterview Features Beach Front1/2 to 1 Mile To Beach
Community Features
- Community Features Public TransportationShoppingPark
- Senior Community No
- Adult Care Community No