MA
Essex
Salem
01970
233 Lafayette St
233 Lafayette St, Salem, MA 01970
Share Listing
Listing Type
Multi Family
Listing Status
Active
17
$7,995,000

Home Details for 233 Lafayette St

Price
$7,995,000
Type
Residential Income
Bedrooms
32
Total Bathrooms
26
Full Bathrooms
26
Square feet
17755
Year built
1915
Lot size acres
0.24
County
Essex
Total rooms
62
Basement
Finished
MLS Listing#
73494351
Property Description

Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.

Property Features
  • Water Features
    • Public
  • Basement
    • Finished
Listing Courtesy: Little & Co., REALTORS® - 978-745-4447
Presented by: Francesca Little
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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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