Sold
1-7 Prince St, Salem, MA
Salem · MA 01970
- $1,750,000
- Price
- 16
- Beds
- 8
- Baths
- 6656
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1960
Units:
8 Units
Lot size:
9,740 Sq.Ft Lot
Price per square foot:
$255 / Sq.Ft
Parking:
10 Off Street Spaces
About this home
Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
Neighborhood & Transit
1-7 Prince St, Salem · MA 01970
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 923 days
- Listing Price:
- $1,700,000
- Price per Sq.Ft:
- $255
- Tax Assessment:
- $1,101,900 in 2024
- Taxes:
- $1,067 / Monthly
Home Facts
Interior Features
- Bedrooms
- 16
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 6,656 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6656
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Fuses, Circuit Breakers, Individually Metered
Exterior Features
- Lot Size
- 9,740 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 10 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Shingles, Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Armstrong Field Team
- Listing office
- Armstrong Field Real Estate
- MLS PIN #
- 73228864