1-7 Prince St

Salem, MA 01970 Directions
$1,700,000
  • 16Bed
  • 8Baths
  • 6,656Sqft
  • 0.22Acres
  • 1960Built
  • $255Price/Sqft

Property Highlights

  • Days on Market: 620
  • MLS: 73228864
  • Listing Pending

Property Highlights

  • Days on Market: 620
  • MLS: 73228864
  • Listing Pending

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....

Property Highlights

  • Days on Market: 620
  • MLS: 73228864
  • Listing Pending

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!

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!

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  • Additional Information
    • Basement Description: Full, Interior Entry, Concrete
    • Days On Market: 620
    • Electrical Features: Fuses, Circuit Breakers
    • Living Area SqFt: 6656
    • On Market Date: 2024-04-25
    • Parking: Paved, Off Street, Assigned
    • Parking Spaces: 10
    • Sewer: Public Sewer
    • Tax Amount: $12,804
    • Tax Year: 2024
    • Type: Residential Income
    • Unit Count: 8
    • Year Built: 1960
    • Year Built Details: Approximate
  • Amenities
    • Park
  • Interior/Exterior Features
    • Appliances Included: Range, Refrigerator
    • Beds: 16
    • Construction Materials: Frame
    • Flooring: Wood, Vinyl
    • Foundation: Concrete Perimeter
    • Full Baths: 8
    • Heat: Baseboard, Oil
    • Living SqFt Source: Public Records
    • Roof: Shingle
    • Rooms: 32

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Listing Courtesy of Armstrong Field Team of Armstrong Field Real Estate.

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