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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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233 Lafayette , Salem, MA 01970
$7,699,000
Est. Payment: $17,108.89/mo
32 Bed
26 Bath
17744 Sqft
Status: New | Days on site: 3
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C67600 - CN234756
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Francesca Little , 978-973-7277 Little & Co., REALTORS® , 978-745-4447.

Property Type

Multi-Family
Lot/Acreage
0.24

Year Built

1915

County

Essex

Listing ID

73576567

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:32
  • ▪ Bathrooms:26
  • ▪ Full Bathrooms:26
Floor:Wood
Water:Public

Exterior Features

Garage Capacity:0
Zoning:B1
Roof:Rubber
Sewer:Public Sewer
Principal Interest
$17,109
Taxes
$4,278

Home Price

$7,699,000

Loan Details

30 yrs
%

Down Payment

20%
$1,539,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$17,108.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $17,108.89 $4,277.58 $0.00 $21,386.47
Yearly $205,306.67 $51,331.00 $0.00 $256,637.67
Total $6,159,200.00 $1,539,930.00 $0.00 $7,699,130.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salem, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.