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!
Sold for $1,750,000
$1,750,000
1 Seven Prince St, Salem, MA 01970
16beds
6,656sqft
5-9 Family
Built in 1960
-- sqft lot
$-- Zestimate®
$263/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
Owner options
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Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Armstrong Field Team 844-740-8700,
Armstrong Field Real Estate 978-740-8700,
Jim Armstrong 978-394-6736
Bought with:
Francesca Little
Little & Co., REALTORS®
Source: MLS PIN,MLS#: 73228864
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Oil
Appliances
- Included: Range, Refrigerator
Features
- Living Room, Kitchen
- Flooring: Wood, Vinyl
- Windows: Insulated Windows
- Basement: Full,Interior Entry,Concrete
- Has fireplace: No
Interior area
- Total structure area: 6,656
- Total interior livable area: 6,656 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Assigned, Paved
- Uncovered spaces: 10
Features
- Waterfront features: 1/2 to 1 Mile To Beach
Lot
- Size: 9,740 sqft
- Features: Corner Lot
Details
- Parcel number: M:34 L:0341,4078867
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Electric: Fuses, Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 3770
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2024 | Sold | $1,750,000+2.9%$263/sqft |
Source: MLS PIN #73228864 Report a problem | ||
| 4/25/2024 | Listed for sale | $1,700,000$255/sqft |
Source: MLS PIN #73228864 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.3 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.8 mi
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- Massachusetts
- Essex County
- Salem
- 01970
- 1 Seven Prince St
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