THE ASSET: 122 Boston Street is a two-building, mixed-use investment property with one (1) street level retail unit, occupied by a barbershop, and five (5) residential units. The Property contains 5,541 square feet of livable area, within 8,280 square feet of gross area, on a 0.22-acre parcel. The front building contains the one (1) retail unit and three (3) residential units, consisting of two (2) 3-Bedroom/1-Bathroom units, and one (1) 1-Bedroom/1-Bathroom unit. The back building contains two (2) 1-Bedroom/1-Bathroom units. The Property features 9 off-street parking spaces.
ATTRACTIVE COMMUTER LOCATION: The City of Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents. MBTA buses stop just one mile from the Property on North Street providing direct service to Downtown Boston and Logan Airport. Commuter boat service to Boston is also available via the Salem Ferry. Salem depot station, providing commuter rail service to Boston’s North Station is located less than 1 mile from the property.
IMPRESSIVE DEMOGRAPHICS: An impressive 118,954 people live within a 3-mile radius of the Property with an average household income of over $97,000.
UTILITIES: The front building features separate utilities. The landlord is responsible for heat and hot water in the back building.
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
