Multi-Family for Sale: 2-4 Howard St, Salem, MA 01970 SOLD

11 beds
11 full baths
4,368 sqft
$2,360,000
$2,360,000
2-4 Howard St, Salem, MA 01970 SOLD
11 beds
11 full baths
4,368 sqft
$2,360,000
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Selling Price: $2,360,000
Original List Price: $2,600,000
Sold at 90.8% of list price
Sold Date: 08/20/2024

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Type Multi-Family
Beds 11
Total Baths 11 full baths
Square Feet 4,368 sqft
Lot Size 0.06 acres
Year Built 1800
City Salem
County Essex
MLS 73203858
Status Closed
DOM 182 days
The Property contains eleven (11) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, six (6) Studio units, and three (3), 2-Room Studio units. The Property has recently undergone extensive renovations to 10 of the 11 units. The renovated units feature hardwood flooring, granite countertops, white shaker cabinets, and stainless-steel appliances in the kitchens. The bathrooms feature tile flooring and walk-in showers. The property also features new coin-operated laundry machines for the tenants to use. The Landlord is responsible for electricity, heat, hot water, and domestic water and sewer. The Property has a central oil-fired furnace that provides heat and hot water for the units. The opportunity exists to increase rents to market rates in a desirable high demand and supply constrained residential market significantly increasing the income generating potential of the asset.

Lot & Building Features

Appliances Dryer, Washer
Sewer Public Sewer
Tax Year 24
Taxes Paid $12,438
Water Public
Foundation Brick/Mortar
Roof Rubber, Shingle
Full Baths 11
Total Rooms 18
Garage Spaces 0
Waterfront 3/10 to 1/2 Mile To Beach, Beach Front

Price History of 2-4 Howard St, Salem, MA

Date Name Price Difference
02/20/2024 Listing Price $2,360,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Kenny Laughters
Direct: 603-554-0010
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Horvath & Tremblay, Stephen Girolamo
Sold by Keller Williams Realty Evolution, Jordan Ryan
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Listing information courtesy of: Horvath & Tremblay

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