This Multifamily Property is Off-Market.

73 Congress Street
Salem, MA 01970 ·

7 Units · Multifamily For Sale

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73 Congress Street

Price N/A Commission Split 2%
No. Units 7 Cap Rate 8.90%
Building Size 6,979 SF Occupancy 85%
Property Type Multifamily No. Stories 3
Property Sub-type
Garden/Low-Rise
More...
  • Restaurant
Year Built 1920
Property Use Type Investment Lot Size 9,583 SF
Listing ID: 14965529 Date Created: 01/22/2007 Last Updated: 11/15/2008

Description

7 Unit brick building in good condition location 1/4 mile from the waterfront and Pickering Wharf. Consisting of 4 two bedroom and 2 one bedroom units and 1 commercial unit currently under lease as a restaurant. Plenty of parking including 9 garage spaces (new doors) that are rented for $75.00/month (and could be higher). All residential unit are tenant-at-will and are in good condition. Newer replacement windows & boiler. Rents are below market - excellent potential to increase revenue. Walking distance to downtown Salem, commuter train and boat. Full liquor license may be available at additional cost but only with the sale of the property.

Near Pickering Wharf, Shetland Park.

Highlights

  • Mixed Use Property
  • Good Investment

Research

73 Congress Street, Salem, MA 01970 (Essex County)

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