Brendan Atwood
  • Main Photo

8-10 & 5 Porter St Ct & Ropes Portfolio
Salem, MA 01970

$4,200,000

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Listing Details

  • $4,200,000
  • MLS# 73528048
  • Type Multi Unit - Multiple
  • Status Active
  • 34
    Bedrooms
  • 12 full
    Bathrooms
  • 13,472
    Square Feet
  • 0.404 acres
    Lot Size
  • 1915
    Year Built

Listed By

Agency Name: North Shore Realty Advisors
Agent Name: Dan Pouladian
Agency Phone: 617-548-7737

agent picture

Shown By

Agent Name: Brendan Atwood
Agent Phone: (617) 947-8419
Agency Title: Donahue Real Estate Co.

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Home Value Estimate


Description

5 Ropes Street and 8-10 Porter Street Court are two adjacent 3-story, 6-unit buildings with a total square footage of 19,720± and a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages currently generating substantial income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and storage units per apartment for additional income. Investors will hedge any risk with multiple revenue streams within one investment opportunity. The offering is within walking distance of public transportation, restaurants, and many local amenities.

Features

  • Tile
  • Vinyl
  • Hardwood
  • 3.0 Stories
  • $35,875 Taxes
  • Public
  • Built in 1915

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