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listing
1 of 34
MultifamilyFor Sale
$849,000
14 Forest Ave
Salem, MA 01970
Courtesy of Coldwell Banker Realty - Cambridge - The Team - Real Estate Advisors
MLS Property Information Network
6Beds
2Baths
2,380Sq Ft
Est. Mortgage
$4,482/mo

A true turnkey investment awaits at 14 Forest Ave in desirable downtown Salem! This meticulously maintained two-family home, encompassing approximately 2380 sq ft of living space, offers an exceptional opportunity with a strong rental history and significant capital improvements already in place. Investors will appreciate the peace of mind provided by slate roof and newer vinyl siding, coupled with the crucial 2023 updates of new forced hot air furnaces and condensers for both units. Unit 1 is currently leased at $2,900 a month featuring the sought-after convenience of in-unit laundry, a new hot water tank (2024), a private side deck, and two parking spaces. Unit 2, recently vacated and poised for new tenancy at an estimated $2,750/month, provides immediate rental potential and includes a private side porch. With a full basement and walk-up attic for extensive storage or living space expansion. This property is a compelling asset in the robust Salem real estate market.

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Information courtesy of Coldwell Banker Realty - Cambridge is subject to verification and is not guaranteed.
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