Under Agreement
2-4 Howard St
Salem MA, 01970
$2,600,000
$595.24 per sqft
Under Agreement
11 Beds
11 Baths
4,368 sqft
Multi-family
Built in 1800
The Property contains eleven (11) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, six (6) Studio units, and three (3), 2-Room Studio units. The Property has recently undergone extensive renovations to 10 of the 11 units. The renovated units feature hardwood flooring, granite countertops, white shaker cabinets, and stainless-steel appliances in the kitchens. The bathrooms feature tile flooring and walk-in showers. The property also features new coin-operated laundry machines for the tenants to use. The Landlord is responsible for electricity, heat, hot water, and domestic water and sewer. The Property has a central oil-fired furnace that provides heat and hot water for the units. The opportunity exists to increase rents to market rates in a desirable high demand and supply constrained residential market significantly increasing the income generating potential of the asset.
73203858
MLSⓇ ID
February 20, 2024
Listed
May 9, 2024
Updated
Map
2-4 Howard St
Salem MA, 01970
Interior Features
Total Stories
3
Bedrooms
11
Total Bathrooms
11
Full Bathrooms
11
Appliances
Washer, Dryer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
Level
Roof
Shingle, Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$12,438
Tax Frequency
Annually
Days on Market
10
Garage
No
Parking Total
1
View
No
County
Essex
Water Source
Public
Pool
No
Zoning
R2
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
3/1/2024 | Pending | — |
Courtesy of Stephen Girolamo, Horvath & Tremblay
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Data last updated 2:47 AM UTC, 5/9/2024
