THE ASSET: 52-54 Beaver Street and 13 Silver Street is a two-building, residential investment property. The buildings consist of a single-family home, comprised of one (1) 4-Bedroom/2-Bathroom unit, and an apartment building with four (4) 2-Bedroom/1-Bathroom units. Together the buildings have 6,040 square feet of living area (10,368 square feet of gross area) on a 0.255-acre parcel.
RENOVATIONS & CAPITAL IMPROVEMENTS: Both buildings on the Property have new roofs. All units have lead certifications.
LOCATION: The Property is well-located between Beaver and Silver Streets, just over a mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.
IMPRESSIVE DEMOGRAPHICS: An impressive 120,300+ people live within a 3-mile radius of the Property with an average household income of over $100,006.
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.
