Unit Information
Calling all builders, contractors, and investors! Rare opportunity to own two detached single-family homes on one lot in the heart of downtown Salem! Located at 86-88 Summer Street, this unique property offers tremendous potential for renovation, investment, or future resale. Each home features its own private entrance and independent living space with no shared walls.86 Summer Street consists of approximately 830 square feet with 2 bedrooms and 1 full bathroom, while 88 Summer Street offers approximately 1,602 square feet with 3 bedrooms and 2.5 bathrooms. The property also features 6 off-street parking spaces, an exceptional amenity in downtown Salem.Both homes are in need of significant improvements and present an excellent opportunity for investors or contractors looking to unlock their full potential. Whether renovating for rental income, resale, or owner occupancy with supplemental rental income, the possibilities are compelling. Conveniently located just moments from Salem's vibrant downtown, restaurants, shops, waterfront, and commuter rail service to Boston.Property will not qualify for conventional financing. Cash buyers or buyers utilizing alternative financing are encouraged. Bring your vision and capitalize on this unique investment opportunity in one of the North Shore's most desirable locations!
- Additional Details
- Status: New
- Type: Multi-Family, Multi Family
- Zip Code: 01970
- Levels: 4
- Parking
- Garage Capacity: 6
- Parking: Shared Driveway,Off Street
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 2
- Total Floors: 4
- Total Rooms: 10
- Has Basement: Yes
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$675,000
- Status: New
- Listing ID: 73598820
- Bedrooms: 5
- Full Baths: 3
- Half Baths: 1
- Living Area: 2,432 sqft Convert
- Lot Size: 10,071 sqft Convert
- Acres: 0.23
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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 | |