Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

286 Washington

Salem, MA ID #73264544

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286 Washington

- Salem, MA ID #73264544

Property Description

Discover an exciting investment opportunity in the heart of historic Salem, MA with this twenty one (21) room rooming house. Perfectly situated in a prime location, this property offers a unique chance to own a meticulously maintained property that has been owned by the same family for over 40 years. Using 2023 numbers this is being offered at an 8% cap rate with projected rents for 2024 bringing to a 9.3% cap rate. A 5% vacancy has already been factored into the gross revenue.**THIS PROPERTY IS TO BE SOLD WITH 108-122 LAFAYETTE ST AS A PACKAGE MLS# 73264543**. Landlord is responsible for all utilities including heat/hw, electric and water/sewer. Seller is willing to explore a seller financing deal for the right buyer. Please see attached for detailed incomes and expenses. Rent roll changes weekly but can be provided upon request.

Additional Details

  • Status: NEW
  • Type: Multi-Family, 5+ Family - Rooming House
  • Zip Code: 01970
  • Taxes: 11,188
  • Living Levels: 3
  • Acres: 0.07
  • Selling Broker Compensation: 1
  • Buying Broker Compensation: 1

Rooms/Dimensions

  • Total Units: 21
  • Total Floors: 3
  • Total Rooms: 21

Location

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286 Washington, Salem, MA

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Francesca Little of Little & Co., REALTORS®. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.