$1,699,000 ($332.49 per sqft)

Est. Mortgage $8,929/mo *

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10 Howard Street, Salem, MA, 01970

10 Howard Street, Salem, MA, 01970
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24 rooms

15 beds

7 Full baths

1900

5,110 sqft

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. 90% of windows are new. Don't miss out on this lucrative venture! Floor plans available.

Status:

Active

Type:

Multi-family

Units:

15

Zoning:

R2

Heating:

Natural Gas

Basement:

Full, Interior Entry, Bulkhead

Levels:

11

Parking:

1-car Paved Drive

Acreage:

0.04

Est. Taxes:

$11,088

Assessment

$954,200

Construction

Frame

Amenities:

Public Transportation, Shopping, T-Station

MLS #:

73240469

Buyer Agent Compensation:

2.0

Facilitator Compensation:

2.0

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of The Green Team, Armstrong Field Real Estate Phone: 978-740-8700