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Listed by Marnie Phillips of Monument Realty

Listing Sold by Keller Williams Gateway Realty/Salem
ATTENTION INVESTORS/CONTRACTORS: Great opportunity to restore this charming multi-family to its former glory! Three (3) legal units (rented as 4 apartments for many decades.) Building currently has a total of 5 bedrooms, 4 Full baths 15 rooms total. Huge 1332 sq. ft. attic space that could be converted into another unit to generate even more rental income or used to expand and upgrade existing units. Convenient North End location, strong rental history, 3-car garage, and lovely, tree lined, fenced backyard. Lots of original details along with hardwood floors and soring 9-foot ceilings throughout. Many beautiful, oversized windows let in lots of sunlight. Each unit has a private entrance. Good bones and brimming with potential, this is a property worth restoring. Renovate the building and flip it or turn it back into a revenue-generating rental property in this high-demand market. Needs complete rehab including mechanical systems and roof, but worth every investment dollar you put into it. Being sold “AS IS” CASH ONLY. Scheduled assisted showings start Friday 11/8 at 1pm and Saturday 11/9 at 12pm, OFFER DEADLINE Wednesday 11/13 6pm.

Property Details of 131-133 Tolles Street

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