21 Nichols St

Property Description

This 2 family house in Witchcraft Heights, Salem, presents an incredible investment opportunity. You can either rent out both units or live in one and have tenants help with your mortgage. The first floor has been recently updated with a new kitchen, bathroom, and fresh paint, while the second floor features beautifully restored hardwood floors, a modern kitchen with new appliances, and a granite bar countertop. Major updates like a new roof, updated electric system, vinyl siding, separate utilities, and young boilers and furnaces have already been taken care of. Each unit has its own washer and dryer, and there's extra storage space in the basement. With leases ending at different times, you have flexibility in deciding whether to rent out both units or occupy one yourself. It's a fantastic opportunity to own a property in a desirable area of Salem close to commuter rail, downtown and great restaurants and waterfront. Current rents are below market average.