10 Howard Street , Salem, MA 01970
Salem, MA 01970
Description
Fantastic investment opportunity! Posibility of turning the licensed lodging house into regular apartments (with city approval) or use as short-term rentals (AirBnB) according to city solicitor. It currently offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership as a rooming house. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval required). Newer furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. Most windows are newer. Don't miss out on this possible lucrative venture! Floor plans online. Gross income is projected and not actual. Buyers to perform due diligence.
Details
| MLS# | 73240469 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 120 |
| Listing Provided By | Aluxety | Armstrong Field Team |
Features
| Bed(s) | 15 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,110 |
| Basement | Y |
| Story(s) | 11 |
| Units | 15 |
| Zoning | R2 |
| Acreage | 0.04 |
| Water Front | Yes |
Market Activity 01970
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $1,499,000 low | high Med: $509,000 SqFt: 5,110 low | high Med: 1,263 $ / SqFt: $293 low | high Med: $418 On Site: 120 low | high Med: 4.000000 | |