Investors take notice of a rare offering in downtown Salem. 5 Ropes Street and 8-10 Porter Street Court are two adjacent 3-story 6-unit buildings with a total square footage of 19,720± with a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages for additional income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and the opportunity to increase rents to market with minimal capital. The offering is near public transportation, restaurants, and many local amenities within walking distance of the subject properties.
13,472 Sq Ft
0.4 Private Acres Exterior Space
Investment
$28,941 Annual Tax
Built in 1915
MLS/Listing ID 73339638
5 Stories
12 Units
Parking - Shared Driveway
Lot - Level
Vinyl
Construction - Brick
Construction - Stone
Rubber
Deck - Wood
Deck - Vinyl
Deck - Composite
Varies per Unit
Insulated Doors
Listing Courtesy of NORTH SHORE REALTY ADVISORS, MICHAEL MCCARTHY - 781-883-8518
Source of Data: MLS PROPERTY INFORMATION NETWORK