For more information regarding the value of a property, please contact us for a free consultation.
110 Lafayette Rd Salisbury, MA 01952
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,050,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72305004
Sold Date 08/13/18
Year Built 1784
Annual Tax Amount $10,974
Tax Year 2018
Lot Size 1.890 Acres
Acres 1.89
Property Description
This is a fantastic opportunity for the savvy investor. After 22 years, the current owner has decided to sell this property currently used as 19 rental units with tenants at will, occupying 18 of the units and 1 vacant unit waiting for renovation. There are fifteen free standing cottages and one Cape Style building with four units in it. These units are located just minutes to the beaches and the new Salisbury Boardwalk and the Reservation. In addition to all that this location has to offer it is conveniently located minutes to the restaurants and shops of downtown Newburyport as well as Market Square in Amesbury and the major highways. Take advantage of this once in a lifetime opportunity and purchase this special property. Continue running the property as the profitable investment property that it is, or renovate the cottages and become a part of Salisbury's redevelopment and revitalization of the future. Seller financing available to qualified buyers. Pass Title V in hand.
Location
State MA
County Essex
Area Salisbury Center
Zoning LM
Direction Route 1A is Lafayette Road in Salisbury. Easily accessed from Route 95
Exterior
Utilities Available Public Water, Private Sewer, Natural Gas Available
Roof Type Asphalt/Composition Shingles, Shingle
Read Less
Bought with Douglas Danzey • Bentley's