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.
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Salem is located in New York. Salem, New York has a population of 2,627. Salem is more family-centric than the surrounding county with 24.43% of the households containing married families with children. The county average for households married with children is 23.09%.
The median household income in Salem, New York is $72,948. The median household income for the surrounding county is $63,869 compared to the national median of $69,021. The median age of people living in Salem is 43.5 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 8.9 degrees. The average rainfall is approximately 44.9 inches per year, with 61.5 inches of snow per year.
