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3 S Shore Rd, Salem, NH 03079
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$2,370,000
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Home Details for 3 S Shore Rd
Price
$2,370,000
Type
Multi Family
Bedrooms
14
Total Bathrooms
9
Full Bathrooms
9
Year Build
1880
Sq. Ft.
7674
Lot Size
1.8
County
Rockingham
Total Rooms
29
Basement
Full
Tax
$13,222
MLS®️ Listing#
73389898
On exitrealty.com
109 days
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 extraland, 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 immediateincome 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 forheat 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.
- Parking
- Paved
- Off Street
- Water Features
- Private
- Basement
- Full
Listing Courtesy: RE/MAX Area Real Estate Network - 603-580-4808. Presented by: Steven Cotran
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2025 MLS Property Information Network, Inc. All Rights Reserved.
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Market statistics compiled from data from Massachusetts Association of REALTORS.
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
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$2,370,000
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803