About 233 Lafayette
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.
Features of 233 Lafayette
| MLS® # | 73576567 |
|---|---|
| Price | $7,699,000 |
| Bedrooms | 32 |
| Bathrooms | 26.00 |
| Full Baths | 26 |
| Square Footage | 17,744 |
| Acres | 0.24 |
| Year Built | 1915 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 233 Lafayette |
|---|---|
| City | Salem |
| County | Essex |
| State | MA |
| Zip Code | 01970 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Additional Information
| Zoning | B1 |
|---|
Listing Details
| Agent | Francesca Little |
|---|---|
| Office | Little & Co., REALTORS® |