17 Salem St Salem, MA 01970

Projected Income $10,300 mo/ $123,600 annually. Well renovated, mixed use building in Thriving Salem, MA. Extensively renovated in 2021, Fire sprinkler system. 15 min walk to T Stop/Downtown. 5 mins to Pickering Wharf. Upgraded sep. elec, new heat & a/c. 2 res. units (have not been rented). Both well-updated res w sep elec. 1 res unit: 6 rooms/ 4 bedrooms w new central a/c, new heat, laundry rm, 2 bthrms (1 in main bdrm). Projected rent: $3k per month. Other unit: 5 rooms/ 3 bdrms w new central a/c, new heat, laundry room, 2 bthrms (1 in main bdrm). Projected rent: $2800+ per month. Each of the 3 commercial spaces, have new bthrms & a/c. Tenanted by 2 Churches (TAW's) who have been tens for a while & would like to stay. 1 church rents 2 units (17 Salem), $3k a mo. + utils. Other Church rents 1 unit $1500 + utils. 17 Salem has 4 finished/unhtd rms in the bsmnt. Add heat for an additional 828 sq ft. Please include in offer:Buyer will cooperate if Seller elects to sell as a 1031 exchange