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Lisa Sevajian

lisa.sevajian@compass.com +1(978) 457-3406

Listed by Steve Cotran • RE/MAX Area Real Estate Network LTD

$ 2,385,000

Est. payment -/mo

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Price Dropped by $10K

3 S Shore RD Salem, NH 03079

12 Beds

9 Baths

7,674 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,674 sqft

Price per Sqft $310

MLS Listing ID 5038205

Bedrooms 12

Full Baths 9

Construction Status Existing

Year Built 1880

Annual Tax Amount $13,283

Tax Year 2024

Lot Size 1.800 Acres

Acres 1.8

Property Description

An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extra land, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediate income stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances, updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered for heat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access and plenty of parking for tenants. Unit 9 is a particularly attractive freshly renovated two-bedroom townhome-style unit with sliding doors leading to a private rear deck, along with a new kitchen, bathroom, appliances, and refinished wood flooring. Please note that the principals of the selling entity are licensed real estate agents.

Location

State NH

County Nh-rockingham

Area Nh-Rockingham

Zoning APT 8+Up MDL-01

Body of Water Lake

Rooms

Basement Entrance Walkout

Basement Dirt

Interior

Cooling None

Flooring Carpet, Hardwood, Laminate, Vinyl Plank

Exterior

Garage Description Driveway, Off Street, On-Site, Parking Spaces 11 - 20, Paved

Utilities Available Cable - Available

Waterfront Description Yes

View Y/N Yes

Water Access Desc No

View Yes

Roof Type Flat

Building

Story 3

Foundation Concrete, Granite

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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Lisa Sevajian

3 S Shore RD Salem, NH 03079

Key Details

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3 S Shore RD