199-201 Lafayette, Salem MA 01970
About this home
Incredible Investment Opportunity: Discover the perfect blend of style and profitability with this remarkable multi-family property on the sought-after Lafayette St in Salem. Featuring a mix of two (2) 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units, this gem boasts stunning hardwood floors throughout and private decks for each unit. Take advantage of the potential for a lucrative portfolio by combining this property with the adjacent 2 (MLS#73210746) and 4 Chase St (MLS#73210747) which would offer 6 parking spaces for this building. Seller pays for heat and hot water and rents are well below market. See attached OM for detailed income/expenses including pro forma numbers.
Sale Statistics
This property sold for 19.0% below the original asking price.
With only 8 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
199-201 Lafayette, Salem MA 01970
Salem, MA 01970
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
May 28, 2024Listed for Sale
Mar 11, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/28/2024 | ✓ Sold | $1,700,000 | - | - | Property sold |
| 03/11/2024 | 🏠 Listed for Sale | $2,100,000 | - | - | Original listing |