10 Howard St, Salem, MA 01970
15 Unit Apartment Building | $1,575,000 ($105,000/Unit) | Salem, MA 01970
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,575,000
- Property Type
-
Multifamily
- Square Feet
- 7,331 SF
Listing Contacts
Jim Armstrong
Verified Profile
- Property Info
Property Overview
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. mOST windows are newer. Don't miss out on this lucrative venture! Floor plans available. SELLER MAY PROVIDE PARTIAL FINANCING with great credit. Gross income is projected and not actual. Buyers to perform due diligence. Note: Salem only allows AirBnB/VRBO rentals in owner-occupied buildings.
Property Details
- Class
- B
- Year Built/Renovated
- 1900/2013
- Stories
- 4
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 1,742 SF
- Units
- 15
Highlights
- Perfect location - Walk to commuter train and downtown Salem
- Recently painted interior & Newer replacement windows, roof, boiler
- Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval may be required).
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