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19 Palmer St
Salem, MA 01970

$2,099,900

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Listing Details

  • $2,099,900
  • MLS# 73535621
  • Type Multi Unit - Multiple
  • Status Active
  • 19
    Bedrooms
  • 6 full
    Bathrooms
  • 7,044
    Square Feet
  • 0.162 acres
    Lot Size
  • 1915
    Year Built

Listed By

Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
Agency Phone: 781-219-3200

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Shown By

Agent Name: Julie Shanks
Agent Phone: (781) 821-0204
Agency Title: Donahue Real Estate Co.

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Home Value Estimate


Description

MAJOR PRICE IMPROVEMENT! CASH COW! Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and over $200,000 in NOI. Featuring a rare and highly desirable unit mix of four spacious 4-bedroom, 1-bath units and two generously sized 3-bedroom, 1-bath units, the property benefits from strong rental demand and stable income potential. Additional income is generated through on-site laundry and storage. Conveniently located near the MBTA Commuter Rail with easy access to Boston and Salem's vibrant downtown, waterfront, restaurants, shopping, and entertainment....read more

Features

  • 3.0 Stories
  • $16,019 Taxes
  • Public
  • Built in 1915

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