$1,100,000 ($250.34 per sqft)

Pending

Est. Mortgage $5,347/mo *

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101 Ocean Ave, Salem, MA, 01970

101 Ocean Ave, Salem, MA, 01970
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18 rooms

6 beds

4 Full baths

1930

4,394 sqft

Cash Buyer Opportunity or renovation loan – Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.

Status:

Pending

Type:

Multi-family

Units:

4

Zoning:

B4

Basement:

Interior Entry, Concrete

Levels:

4

Parking:

4-car, Paved Drive, Leased

Acreage:

0.11

Est. Taxes:

$11,051

Assessment

$974,500

Construction

Frame

Utilities

for Gas Range

MLS #:

73491641

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Ad Advisors Team, Block Realty 617-505-3324