Specifications

135 Salem

Commercial space:
-Popular, fully operational bar with a 12:00am
beer and wine license, potential to add cordials
and extend until 1:00am
-new walk in refrigerator, large storage room
-great space for any type of retail
-use as is with huge cash income or rent out for
minimum $3500/mo
-central air and heat, updated electric and
plumbing

Units 1,2,3:
Three identical two bedroom units stacked up.
Approx. 740 square feet each.
Tenant pays utilities (gas heat)
Rent: $1000, $1200,$1400 per unit

137 Salem

Four units:
1 one bedroom approx 500sf updated, Rent: $900.
Three two bedroom units, same layout as 135 Salem. Rents: $250, $900, $1200
Apartments have hardwood floors and exposed brick.
All units in both buildings are currently rented

General

Rental income: $71,400 year from residential only
(at current rents)

Taxes:
135 Salem: $7000/yr
137 Salem: $4500/yr

Utility costs:
Commercial space and common electric: $4000/yr

Roofs:
137 Salem: 4 yr old rubber roof
135 Salem: 9 yr old tar and gravel
both in good shape

Electric:
updated, 100 amps per
apartment. 200 amps in commercial.

Insurance: Current owner pays:
135 Salem: $3700 per year
137 Salem: $1300 per year

Potential to expand building upwards

*all figures are approximations and subject to errors and omissions

This Boston building is listed with Alon Munzer. Alon is an Investment and Buildings specialist at Paragon Properties. To reach Alon call 617-247-9999 ext 232 or simply fill out the form below.