Luxury Residential Group: 8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA

Property Description

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± and a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages currently generating substantial income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and storage units per apartment for additional income. Investors will hedge any risk with multiple revenue streams within one investment opportunity. The offering is within walking distance of public transportation, restaurants, and many local amenities.

offered at

$4,200,000

Status: New
Listing ID: 73528048
Bedrooms: 34
Full Baths: 12
Living Area: 13,472 sqft 1,252 m² Convert
Lot Size: 17,611 sqft 1,636 m² Convert
Acres: 0.4

Additional Details

Type: Multi-Family, Multi Family

Zip Code: 01970

Levels: 3

Parking

Garage: 6

Garage Capacity: 6

Parking: Off Street,Assigned

Parking Spaces: 27

Rooms and Dimensions

Total Units: 12

Total Floors: 3

Total Rooms: 60

Has Basement: Yes

LRG Boston

(617) 233-5800

8-10 & 5 Porter St Ct & Ropes Portfolio

Salem, MA