Multi-Family for Sale: 286 Washington, Salem, MA 01970 SOLD

3 full baths
4,695 sqft
$2,000,000
$2,000,000
286 Washington, Salem, MA 01970 SOLD
3 full baths
4,695 sqft
$2,000,000
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Selling Price: $2,000,000
Original List Price: $2,000,000
Sold at 100.0% of list price
Sold Date: 12/06/2024

Type Multi-Family
Total Baths 3 full baths
Square Feet 4,695 sqft
Lot Size 0.07 acres
Year Built 1900

City Salem
County Essex

MLS 73264544
Status Closed
DOM 144 days
Discover an exciting investment opportunity in the heart of historic Salem, MA with this twenty one (21) room rooming house. Perfectly situated in a prime location, this property offers a unique chance to own a meticulously maintained property that has been owned by the same family for over 40 years. Using 2023 numbers this is being offered at an 8% cap rate with projected rents for 2024 bringing to a 9.3% cap rate. A 5% vacancy has already been factored into the gross revenue.**THIS PROPERTY IS TO BE SOLD WITH 108-122 LAFAYETTE ST AS A PACKAGE MLS# 73264543**. Landlord is responsible for all utilities including heat/hw, electric and water/sewer. Seller is willing to explore a seller financing deal for the right buyer. Please see attached for detailed incomes and expenses. Rent roll changes weekly but can be provided upon request.

Lot & Building Features

Sewer Public Sewer
Tax Year 2022
Taxes Paid $11,188
Water Public
Foundation Stone
Roof Rubber
Full Baths 3
Total Rooms 21
Garage Spaces 0

Price History of 286 Washington, Salem, MA

Date Name Price Difference
07/15/2024 Listing Price $2,000,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 286 Washington, Salem, MA

Location Map Street View
Photo of Valerie Cloutier
Direct: 603-965-5197
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Little & Co., REALTORS®, Francesca Little
Sold by Little & Co., REALTORS®, Francesca Little
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Little & Co., REALTORS®

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.