Unit Information
Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01970
- Levels: 3
- Rooms and Dimensions
- Total Units: 26
- Total Floors: 3
- Total Rooms: 62
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$7,995,000
- Status: New
- Listing ID: 73494351
- Bedrooms: 32
- Full Baths: 26
- Living Area: 17,755 sqft Convert
- Lot Size: 10,359 sqft Convert
- Acres: 0.24
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |