106 N. Policy Street

Salem, NH 03079

PUT MONEY IN YOUR POCKET WITH THIS SURPRISING RANCH STYLE 3-UNIT PROPERTY IN A NEIGHBORHOOD SETTING! Nice corner lot w driveway off Orchard Terrace provides 6+ car parking & a lovely place to walk around the block. Big side & front yards for gardens or play area. Looks are deceiving- this is a 2662 sq ft house that includes the finished walkout lower level. Lots of updates throughout the building including white kitchens and newer updated baths. The 3 bedroom townhouse unit is vacant and ready for an owner occupant or a new tenant. The 1 and 2 bedroom garden apartments have good long term tenants, 7 years- rents are well below market. No leases, month to month. Architectural shingle roof is 8 years young. New hot water heater. FHW boiler is 7 years young. Heat and hot water are included in all rents. Owner pays electric for the 1 bedroom unit and coin op laundry. 3 stoves and refrigerators included. Public water and sewer. Newer Reeds Ferry shed to store your yard equipment, patio furniture and toys. Super convenient to shopping, schools, Canobie Lake and Exit 2 on Rt.93. Sellers prefer tenants to stay with the house at closing. Disclosures: Lead paint report available. Rental income $62,400/yr is with market rent, not current rent. Per appraiser: 3bdrm $1700-2200, 2bdrm $1600-2000, 1bdrm $1300-1500. Actual expenses: $18,694/yr. Measured sq ft for marketing purpose only, buyer & agent to do own due diligence.

Listing courtesy of Cheryl Foster of Leading Edge Real Estate: ?



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Data Last Updated: 2023-09-23 12:30 AM UTC