MAJOR PRICE IMPROVEMENT! CASH COW! Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and over $200,000 in NOI. Featuring a rare and highly desirable unit mix of four spacious 4-bedroom, 1-bath units and two generously sized 3-bedroom, 1-bath units, the property benefits from strong rental demand and stable income potential. Additional income is generated through on-site laundry and storage. Conveniently located near the MBTA Commuter Rail with easy access to Boston and Salem's vibrant downtown, waterfront, restaurants, shopping, and entertainment. Excellent opportunity for investors seeking immediate cash flow, strong in-place income, and long-term upside potential.
7,044 Sq Ft
7,052 Sq Ft Lot Size
investment
$1,335 Monthly Tax
Built in 1915
MLS/Listing ID 73535621
3 Stories
6 Units
Shingle
Public Sewer
Public Water
Construction - Frame
Concrete Perimeter
Covered
Porch
Parking - Deeded
Lot - Corner Lot
TOTAL MONTHLY COST
$0
$0
$0