Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

101 Ocean Ave

Salem, MA ID #73491641

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101 Ocean Ave

- Salem, MA ID #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.

Additional Details

  • Status: NEW
  • Type: Multi-Family, 4 Family
  • Zip Code: 01970
  • Taxes: 11,051
  • Levels: 4
  • Acres: 0.11

Parking

  • Garage Capacity: 4
  • Parking: Paved Drive, Leased
  • Parking Spaces: 4

Rooms/Dimensions

  • Total Units: 4
  • Total Floors: 4
  • Total Rooms: 18

Location

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101 Ocean Ave, Salem, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of AD Advisors Team of Block Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.