Unit Information
Fantastic investment opportunity! This licensed lodging house offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval may be required). New furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. 90% of windows are new. Don't miss out on this lucrative venture! Floor plans available.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - Rooming House
- Zip Code: 01970
- Living Levels: 11
- Selling Broker Compensation: 2.0
- Buying Broker Compensation: 2.0
- Parking
- Parking: Paved Drive
- Parking Spaces: 1
- Rooms and Dimensions
- Total Units: 15
- Total Floors: 11
- Total Rooms: 24
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$1,699,000
- Listing ID: 73240469
- Bedrooms: 15
- Full Baths: 7
- Living Area: 5,110 sqft Convert
- Lot Size: 1,668 sqft Convert
- Acres: 0.04
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |