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Rare investment opportunity near downtown Salem. The subject property is a nine (9) unit brick apartment building with 5 to 6 off street parking spaces and eight (8) bay garages. The opportunity consists of two (2) one bedroom apartments, four (4) two-bedroom apartments, and three (3) four-bedroom apartments. Each unit has lead certificates and the tenants have for their own metered utilities. 42 Park Street is ideally located just off Lafayette Street and is 1-mile from the Salem Depot Commuter Rail Station. The current owner has owned the property for a number of years, therefore the rents in place are all under market, with minimal capital improvements, you can bring income up to market making this an ideal value add opportunity.

Property Details of 42 Park Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Other Details

Map Location

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Listed by Dan Pouladian of The Mega Group

Listing Sold by Commonwealth Properties Residential, LLC

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