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10 Howard St
Salem, MA 01970 Salem Neck

$1,399,000 USD

Apartments For Sale • 7,331 SF

Property Details

Property Type Apartments
Total Building Size 7,331 SF
Lot Size 0.04 AC
Building Class B
Year Built 1900
Cap Rate 10.64 %
Zoning R2

41 Transit Score

97 Walk Score

                
                    Highlights
                
                                Perfect location - Walk to commuter train and downtown Salem
                            
                                Recently painted interior & Newer replacement windows, roof, boiler
                            
                                 Possibly convert to regular apartments(many rooms have connecting doorways) or condos, or  short term rentals (city approval may be required).

Property Flyers

Floor Plan

10 Howard Projected Income Breakdown

Financial Summary (Proforma)

Net Operating Income: $148,832 USD (2024)

Cap Rate:	10.64 %
Total Expenses:	$41,168 USD

Amenities

Heating
Hardwood Floors

Public Transportation

Commuter Rail	Drive	Walk	Distance
Salem (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	1 min	8 min	0.3 mi
Beverly Depot (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	4 min	-	1.8 mi
Airport	Drive	Walk	Distance
General Edward Lawrence Logan International	27 min	-	15.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Jim Armstrong 978-740-8700 Armstrong Field Group @ ALUXETY

10 Howard St Salem, MA 01970 Salem Neck