15 Leach Street Salem, MA 01970

Rare Offering 15 Leach Street in Salem Massachusetts. Location is right between the historic downtown district and Salem State University. The subject property is six (6) units with off street parking spaces for twelve (12) vehicles. All units are very large three-bedrooms apartments with one-bathroom, replacement windows and all have their own lead compliance certifications. The tenants pay for their own heat and electric and the landlord pays for hot water. The basement consists of one (1) hot water tank and six (6) natural gas boilers, the hot water heater is less than one-year old. Detached from the apartment building is a six (6) bay garage which can also create additional income. 15 Leach Street is ideally located just off Lafayette Street, and is 1-mile from the Salem Depot Commuter Rail Station. This opportunity represents a going in CAP Rate of 7.2% which makes this an ideal opportunity for any investor looking to be in a strong historic Salem Market