NH > Salem
Salem, NH 03079,3 S Shore Rd
Salem, NH 03079,3 S Shore Rd
Salem, NH 03079,3 S Shore Rd
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$2,360,000
Est. payment /mo
14 Beds
9 Baths
7,674 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,674 sqft

Price per Sqft $307

MLS Listing ID 73389898

Bedrooms 14

Full Baths 9

Year Built 1880

Annual Tax Amount $13,222

Tax Year 2024

Lot Size 1.800 Acres

Acres 1.8

Property Sub-Type 5-9 Family

Property Description

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.

Location

State NH

County Rockingham

Zoning MDL-01

Direction I93 Exit 2, East on Pelham, 1st left at light on N Policy to Brookdale to Lake Shore to cornerof S S

Rooms

Basement Full

Exterior

Community Features Other

Waterfront Description Lake/Pond,1/2 to 1 Mile To Beach

Roof Type Other

Total Parking Spaces 20

Garage No

Building

Lot Description Gentle Sloping

Story 7

Foundation Block, Granite

Sewer Public Sewer

Water Private

Others

Senior Community false

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Listed by RE/MAX Area Real Estate Network
BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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3 S Shore Rd