233 Lafayette, Salem, MA 01970
- $7,699,000
- 32
- BD
- 26
- BA
- 17,744
- SqFt
- List Price
- $7,699,000
- Days on Market
- 1
- Status
- NEW
- MLS#
- 73576567
- Bedrooms
- 32
- Bathrooms
- 26
- Full Baths
- 26
- Living Area
- 17,744
- Lot Size (Acres)
- 0.24
- Year Built
- 1915
Property Description
Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
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Additional Information
- Taxes
- $51,331
- Lot Description
- Other
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Francesca Little from Listing Office: Little & Co., REALTORS®.
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