Coldwell Banker Realty - Lynnfield
Lynn D'Avolio, Coldwell Banker Realty - LynnfieldPhone: (801) 597-2857
Email: [email protected]
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listing
1 of 27
MultifamilySold
List Price $1,199,999
Sold Price $1,050,000
2 Essex St
Salem, MA 01970
Courtesy of Coldwell Banker Realty - Beverly - Michael McNiff
MLS Property Information Network
5Beds
5Full1Half Baths
5,608Sq Ft
Est. Mortgage
$6,294/mo

Exceptional investment opportunity. 6 unit multi family building in the heart of Salem. The iconic home to Ziggy's Donuts, offered for the first time in 57 years, is available for investors, developers and individuals seeking the advantages of fixed income properties. Own within walking distance of Salem Willows, Salem Harbor, Historic Downtown, Winter Island, shops, beaches, trains, restaurants and parks. The building features replacement windows, vinyl siding and newer gas water heaters. Comprised of 5 one bedroom, one bathroom units and one commercial unit, walk up attic and full basement. All units have individual utility meters. Rents are well below market value due to long term tenants. The attic is an oversized, dormered room with water views and opportunities for expansion. Interior photos are of unit 1 which is currently vacant. All units are similar in size and layout with slight variation. Ziggy's Donuts operates out of grandfathered commercial space on 1st floor.

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