Luxury Real Estate Group Boston > Salem > 101 Ocean Ave

LRG Boston

(617) 233-5800

355 Boylston St

Boston, Ma 02116

101 Ocean Ave

Salem, MA

Property Description

Cash Buyer Opportunity or renovation loan – Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.

offered at

$1,100,000

  • Status: New
  • Listing ID: 73491641
  • Bedrooms: 6
  • Full Baths: 4
  • Living Area: 4,394 sqft Convert
  • Lot Size: 4,652 sqft Convert
  • Acres: 0.11

Additional Details

Type: Multi-Family, 4 Family

Zip Code: 01970

Levels: 4

Parking

Garage Capacity: 4

Parking: Paved Drive, Leased

Parking Spaces: 4

Rooms and Dimensions

Total Units: 4

Total Floors: 4

Total Rooms: 18

Contact: LRG Boston at (617) 233-5800

LRGBOSTON.COM

355 Boylston St. Boston, MA 02116

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