Listing Tools

Listed by Rob Labrecque of Keller Williams Gateway Realty/Salem
INVESTORS! INVESTORS! INVESTORS! Looking for a LOW MAINTENANCE - HIGH ROI property? Well here it is! This 4 unit 1 bed multifamily NETS over $48,000 a year with potential to go much higher! 3 long term tenants have not had rent increases for some time and are month to month. New tenant just signed 1 year lease expiring in Nov 2022 for $1300/month. All 4 units are similar size and layout. Tenants pay all utilities. Separate heating units, hot water, electric meters and gas. The 2nd floor units have natural gas heat and 1st floor units have electric heat. Operating expenses are approximately $7300 annually including property taxes, insurance, water & sewer, and electricity for the common areas. Buyer to assume tenants.

Property Details of 632 Somerville Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Community

Map Location

Driving Directions

Broker Reciprocity

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 30, 2021.

 

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: