Antique Two-Family Gains New Tenants and New Owners

By October 2, 2016 Blog, Resources

It was a busy summer at 13 Carlton Street, a historic property in Salem’s prime Derby Wharf location. The antique two-family saw many changes including new tenants and new owners.  After learning the long-term renters were moving out, I jumped at the opportunity to secure new occupants at top rental rates. By efficiently navigating the turnover, I was able to increase the cap rate to over 7%, further enhancing the investment story for buyers. The turnkey property received several bids including a cash offer with no contingencies and sold to a very excited party.

We are loving this home! It is awesome and so are you, Dana. Thanks for everything!” – Heidi, 2nd floor tenant

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