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152 SALEM STREET
Boston
MA
02113
Neighborhood/Town:
North End
Beds:
12
Baths:
9
County:
Suffolk
Price:
$3,995,000
Property Description:
****NORTH END INVESTMENT OPPORTUNITY**** RARE NINE unit property on Salem St in the North End. Comprised of (ONE) LARGE Renovated 3 bedroom 1.5 bathroom with private patio. (ONE) Renovated 2 bedroom 1 bath. (SEVEN) 1 bed plus office 1 bath units. Two common roof decks. UNBELIEVABLE VALUE ADD POTENTIAL as most of the units can be reconfigured to maximize the rent roll. The 3 bed could be converted to a 4 bedroom easily by adding a wall. All of the 1 bedroom plus office units could be converted to two bedroom one bath units. PROFORMA RENTS OF OVER WELL OVER $25K PER MONTH. Building is professionally managed and has been well maintained. Ideal for investors who want to purchase an income generating asset in an area with historically scarce inventory. PERFECT FOR A 1031 TAX FREE EXCHANGE or anyone looking to take advantage of low rates and secure a ROCK SOLID INVESTMENT in one of Boston's most coveted neighborhoods. Excellent Location near Downtown Boston & the Financial District.
Property Status:
Active
Year Built:
1920
Total Rooms:
9
Has Master Bath:
N
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