Sold
286 Washington St, Salem, MA
Salem · MA 01970
- $2,000,000
- Price
- 0
- Beds
- 3
- Baths
- 4695
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
21 Units
Lot size:
2,966 Sq.Ft Lot
Price per square foot:
$426 / Sq.Ft
Parking:
No Parking
About this home
Discover an exciting investment opportunity in the heart of historic Salem, MA with this twenty one (21) room rooming house. Perfectly situated in a prime location, this property offers a unique chance to own a meticulously maintained property that has been owned by the same family for over 40 years. Using 2023 numbers this is being offered at an 8% cap rate with projected rents for 2024 bringing to a 9.3% cap rate. A 5% vacancy has already been factored into the gross revenue.**THIS PROPERTY IS TO BE SOLD WITH 108-122 LAFAYETTE ST AS A PACKAGE MLS# 73264543**. Landlord is responsible for all utilities including heat/hw, electric and water/sewer. Seller is willing to explore a seller financing deal for the right buyer. Please see attached for detailed incomes and expenses. Rent roll changes weekly but can be provided upon request.
Neighborhood & Transit
286 Washington 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:
- 841 days
- Listing Price:
- $2,000,000
- Price per Sq.Ft:
- $426
- Tax Assessment:
- $987,200 in 2022
- Taxes:
- $932 / Monthly
Home Facts
Interior Features
- Bedrooms
- 0
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 4,695 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4695
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 2,966 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Stone
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Francesca Little
- Listing office
- Little & Co., REALTORS®
- MLS PIN #
- 73264544
- Disclosure
- Buyers to do their own due diligence to verify all information provided.
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