41 Salem St - Apartments FOR SALE


Salem, MA 01970- South Salem
$1,500,000 USD
781-776-4000
41 Salem St, Salem, MA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/11
null | 5.82% Cap Rate

41 Salem St
Salem, MA 01970
South Salem


HIGHLIGHTS

  • Attractive Commuter Location
  • Impressive Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the three-story residential investment property located at 41 Salem Street in Salem, Massachusetts (the “Property”). The Property contains six (6) total units consisting of one (1), 1-Bedroom/1- Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1Bathroom unit in 5,320 square feet of living area on a .072- acre parcel. The Property is well-located on Salem Street, just over a half-mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,167 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.