Investors: Rare opportunity to buy a Salem MA 6 Family located in the desirable Salem Neck neighborhood with easy access to public transportation, boating, public beaches, and downtown Salem and Beverly MA. Current Cap Rate is 7% at a $950,000 valuation. Heat, hot water and electric are separate for each of the units. Property is sold AS IS with tenants. All Tenants are TAW. Property is in need of updating. Projected Cap Rate after updating is 8.2% based on a valuation of $1,250,000. Reasonable projected rents were used. Note: There are 7 gas hot water boilers and 7 gas hot water tanks as the townhouse unit has two heating systems and 2 hot water tanks, one for each floor. This property is a Potential Condominium Conversion. Request our Investment Analysis of this Property. Offer Instructions: for Financed Offers, include a commercial loan pre-approval; for Cash Offers include proof of funds. Showings by appointment only, Saturday, June 25 and Sunday, June 26 from Noon - 2 PM

Listing Office: RE/MAX 360, Listing Agent: Kathleen Sullivan

Great Investment Opportunity and/ or Owner Occupied. Solid 3 family that offers 6 bedroom and 3 full bath.1st & 2nd floor have a spacious living room, dinning room, kitchen, with updated bathrooms. 3rd floor have a living room and kitchen. All units have separate utilities, with a shared driveway that could park up to 6 cars. Located close to the supermarket, public school, and transportation. Unit 1 will be delivered vacant by end of June. Unit 2 is TAW.

Listing Office: RE/MAX 360, Listing Agent: Hien Lieu

A beautiful 2-Family Riverdale home is now on the market! Perfect for the buyers looking for an in-law apartment, extra space for house guests, or to rent out for supplemental income. The main level living area has 4-BR and 2.5 BR while the downstairs apartment has 2/3-bedrooms and one bath. Upstairs in the main living space, you have a spacious open-concept kitchen, dining, and living room area great for entertaining. Glass doors open out to a gorgeous deck with built-in hot tub, pool deck that leads to your above-ground pool. Also included in your outdoor oasis is a screened-in porch area to take a break from the summer heat, or relax & enjoy those Cape Ann summer nights. This unit also offers a main suite and a walk-in shower, a soaking tub, and a dreamy walk-in closet with custom built-ins. This home has 3 additional bedrooms, a guest bath, and a laundry room. This home is located at the end of a dead-end street so you dont have to worry about noisy traffic.Just peace and privacy.

Listing Office: RE/MAX 360, Listing Agent: Ron Goulart & Jennifer Anderson

Investors take notice of this steady cash flow property that is well maintained! NOI is 97K with room to grow in proforma. This nice sized 6 Units consist of 24 Rooms 12 Bedrooms 6 Bathrooms. Upgraded kitchen, bathrooms, and hardwood floors throughout. Low owner expenses as all utilities are separately metered. Ample off-street parking makes tenants very happy during snow emergencies. Basement level coin-op laundry. Updated heating and water systems. Conveniently located to public transportation and downtown Lynn. Clean basement. Property stays maintained and clean with a property manager on site who is extremely trustworthy and productive with taking care of odds and ends that need done. Showings starting Tuesday June 28th.

Listing Office: RE/MAX 360, Listing Agent: John Wellington