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$2,000,000
90 Days Online

286 Washington
Salem, MA 01970

For Sale|Multi Family|Active Under Contract
0
Beds
3
Full Baths
0
Partial Baths
4,695
SqFt
$426
/SqFt
1900
Built
County:
Essex

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774.222.2518
286 Washington286 Washington286 Washington286 Washington
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Discover an exciting investment opportunity in the heart of historic Salem, MA with this twenty one (21) room rooming house. Perfectly situated in a prime location, this property offers a unique chance to own a meticulously maintained property that has been owned by the same family for over 40 years. Using 2023 numbers this is being offered at an 8% cap rate with projected rents for 2024 bringing to a 9.3% cap rate. A 5% vacancy has already been factored into the gross revenue.**THIS PROPERTY IS TO BE SOLD WITH 108-122 LAFAYETTE ST AS A PACKAGE MLS# 73264543**. Landlord is responsible for all utilities including heat/hw, electric and water/sewer. Seller is willing to explore a seller financing deal for the right buyer. Please see attached for detailed incomes and expenses. Rent roll changes weekly but can be provided upon request.

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Listing Snapshot
Price 
$2,000,000
Days Online 
90 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,695 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.07 Acres
Year Built 
1900
MLS® Number 
73264544
Status 
Active Under Contract
Property Tax 
$11,188
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 days agoStatus changed to Active Under Contract
3 months agoListing first seen online
3 months agoListing updated with changes from the MLS®
General Features
Acres 
0.07
Contingency 
Financing
Foundation 
Stone
Number Of Stories 
3
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
4695
Water Source 
Public
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Exterior Features
Lot Features 
Other
Roof 
Rubber
Community Features
Community Features 
Park
Listing courtesy of Francesca Little of Little & Co., REALTORS®



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.

Data Last Updated at 2024-10-10 07:55 PM UTC

Neighborhood & Commute
Source: Walkscore
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