219 N Main Street, Salem, NY 12865

New - 27 Hours Ago
V-Tour
Virtual Tour View Full Photo Gallery

Property Description

Turnkey, income-producing mixed-use investment opportunity with current gross rental income of $4,200 per month and potential for future income growth. The property has undergone extensive renovations, making this an attractive addition to any investment portfolio.The commercial space is currently leased to Matelli's Taverna, providing established rental income. Upstairs are two spacious, well-maintained apartments--one 2-bedroom unit and one 3-bedroom unit--offering additional residential income.With a strong mix of commercial and residential tenants already in place, this property offers immediate cash flow, multiple income streams, and room to increase returns. An excellent opportunity for investors seeking a renovated, established mixed-use property.

219 N Main Street | MLS# 202624951

This multi-family property located at 219 N Main Street, Salem, NY 12865 is currently listed for sale with an asking price of $389,900. N Main Street is located within the Salem school district. Search Salem real estate on www.coldwellbankerprime.com today.

Gallery

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Heating: Baseboard, Electric, Hot Water
Home Style: Other
Lot Size: 0.11 Acres
Roof Type: Rubber, Asbestos Shingle
Taxes: $5,147
Year Built: 1900

Feature Descriptions

Accessibility: Accessible Approach with Ramp
Days on Site: 1
Exterior: Vinyl Siding, Wood Siding
Fencing: None
Flooring: Vinyl, Carpet, Hardwood
Foundation: Stone
Interior: High Speed Internet, Chair Rail
Lot Dimensions: 58' x 129'
Parcel #: 534800 208.12-2-3
Parking Total: 0
Patio/Porch: Enclosed
Sewer: Septic Tank
SQFT Above Grade Finished: 5319
Water: Public

Local Schools

High School: Salem
Elementary School: Salem
School District: Salem

Estimate Your Payment

Estimated Payment

$ 1,410.39 per month $867.75 Principal & Interest $428.92 Property Tax $113.72 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Barkley Real Estate LLC
Agency Phone: 1 518-692-8263

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

IDX logo

Login to My Homefinder