Under Agreement
Property Description
Incredible Investment Opportunity: Discover the perfect blend of style and profitability with this remarkable multi-family property on the sought-after Lafayette St in Salem. Featuring a mix of two (2) 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units, this gem boasts stunning hardwood floors throughout and private decks for each unit. Take advantage of the potential for a lucrative portfolio by combining this property with the adjacent 2 (MLS#73210746) and 4 Chase St (MLS#73210747) which would offer 6 parking spaces for this building. Seller pays for heat and hot water and rents are well below market. See attached OM for detailed income/expenses including pro forma numbers.
Location
MA
Essex
Salem
01970
199-201
Lafayette
Please use GPS
W71° 6′ 28.5”
N42° 30′ 50.2”
199-201 Lafayette, Salem MA 01970
199
School Information
Community Information
: Public Transportation
1
Additional Information
N
Unknown
Systems and Appliances
: Hot Water
: 60 Amps/less
$422
: Public Sewer
Home owner association information
6
Zoning/Tax Information
$13,539
2023
R3
313
15352
$1,193,400
Building Information
$112,384
6,140 Sqft
Public Records
9
: Public
No
Paved
No
No
Living Space
$31,604
Features
: Covered
No
: Wood
: Laundry Room
: Other
: Rubber
Listing Agent/Office
Little & Co., REALTORS®
Francesca Little
C67600
CN234756
199-201 Lafayette, Salem MA 01970 – 5-9 Family For Sale
199-201 Lafayette, Salem, Massachusetts 01970
10 Bedrooms
6 Full Bathrooms
6,140 Sqft
$2,100,000
Listing ID #73210745
Basic Details
Price : $2,100,000
Original List Price : $2,100,000
Property Type : 5-9 Family
Listing Type : For Sale
Buyer Agency Compensation : 2
Listing ID : 73210745
Listing Category : Multi-family
Listing Status : Under Contract
Listing Sub-Status : Under Agreement
Days on Market : 91
Bedrooms : 10
Total Bathrooms : 6
Full Bathrooms : 6
Total Rooms : 18
Living Area : 6,140 Sqft
Year Built : 1915
Lot Size : 4,082 Sqft
Lot Size (Acres) : 0.09
Rent Includes : Unit 1(heat, Hot Water), Unit 2(heat, Unit 3(heat, Unit 4(heat
List Date : 03/11/2024 08:14 AM
PurchaseContractDate : 03/20/2024
Off Market Date : 03/20/2024
Last Status updated: : 03/20/2024 02:32 PM
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Agent info
Douglas Elliman
20 Park Plaza, Boston MA
Contact Agent