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101 Ocean Ave

salem, MA 01970

$1,100,000

  • 6 BR
    4 BA
    approx. 4,394 SF

Interested? Let's Connect

Cash Buyer Opportunity or renovation loan – Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.

Details

4,394 Sq Ft

4,652 Sq Ft Lot Size

investment

$11,051 Annual Tax

Built in 1930

MLS/Listing ID 73491641

4 Stories

4 Units

Amenities & Features

Parking - Leased

Parking - Paved

Stone

Laminate

Vinyl

Construction - Frame

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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