RE/MAX Innovative Properties
RE/MAX Innovative Properties
Dianna Doherty, RE/MAX Innovative PropertiesPhone: (978) 375-9718
Email: [email protected]
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listing
1 of 27
MultifamilyFor Sale
$2,385,000
3 S Shore Rd
Salem, NH 03079
Courtesy of Re/max Area Real Estate Network - Steven Cotran
MLS Property Information Network
14Beds
9Baths
7,674Sq Ft
Est. Mortgage
$12,411/mo

An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extraland, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediateincome stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances,updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered forheat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access.

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Information courtesy of Re/max Area Real Estate Network is subject to verification and is not guaranteed.
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