MA
Essex
Salem
01970
101 Ocean Ave
101 Ocean Ave, Salem, MA 01970
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Listing Type
Multi Family
Listing Status
Active
30
$1,100,000

Home Details for 101 Ocean Ave

Price
$1,100,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Square feet
4394
Year built
1930
Lot size acres
0.11
County
Essex
Total rooms
18
Basement
Interior Entry, Concrete
MLS Listing#
73491641
Property Description

Cash Buyer Opportunity or renovation loan – Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.

Property Features
  • Parking
    • Paved
    • Leased
  • Basement
    • Interior Entry
    • Concrete
  • Water Features
    • Public
Listing Courtesy: Block Realty - 617-505-3324
Presented by: AD Advisors Team
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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