Well maintained 3 Unit in very desirable location. Located just a few blocks from Salem State University and approx 1 mile to downtown Salem right off of Lafayette Street. Walk to park and beach. ***Gross rents listed in here are PROJECTED not actual*** Owners occupy 1st and 2nd floor units. First Floor Unit is 2 bed, 1 bath will be delivered vacant; Second Floor unit is 2 bed, 1 bath will also be delivered vacant, and Third Floor Unit is 1 bed that is currently rented for $1,300 and is TAW. Roof less than 6 years old. Hot Water Heater was installed in 2014. Tenants pay their own gas electric. Separate utilities. Quiet dead-end location. Off-street parking for 4 cars. Projected Gross Rent Roll $60,000/year. See attached for income and expense breakdown. Excellent opportunity for investor, condo conversion (can be delivered vacant) or live in one unit and rent out the other two units. Property will not last long. Seller reserves the right to accept or deny any and all offers.
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