Sold! Three-Family Investment Property in the Witch City

By November 28, 2016 Blog, Resources

Salem is hands-down one of my favorite areas on the North Shore. Not only is the “Witch City” rich in history, it’s also chock-full of museums, restaurants, bars, commuting options and overall quirkiness. In comparison to the hefty price tags of properties closer to the city, this unique zip code offers a lower barrier to entry for real estate investors without sacrificing high rent rolls.

I had the privilege of working on the buy-side of a stately three-family home on Roslyn Street. Sandwiched between the downtown and Salem State University, the property is perfectly located to attract a large tenant pool.

With the estimated cap rate expected to exceed 10%, this triplex is an ideal addition to the buyers’ portfolio of investments.

My niche focus in the Salem market played a crucial role in securing this property before the general public had an opportunity to bid.

Having closed over $2.25 million in small multi-families in 2016 (and having over $1.1 million currently under agreement), I am highly specialized in duplexes and triplexes in Boston and the North Shore. Please contact me today if you’re looking for an expert in small multis to help get you started on the right path!

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