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99 North St

Salem, MA 01970
  • $1,100,000
  • STATUS: Sold
  • MLS #: 73267089
Sold - 09/13/2024
$1,100,000
SOLD - 09/13/2024
  • 8
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 5,866
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

Listing courtesy of Debra Lovelace of Churchill Properties.

Description

Here's your chance to invest in a prime piece of real estate poised to generate substantial income and build wealth over time. This highly visible commercial building is situated on a coveted corner lot, just half a mile from the communal rail, offering both convenience and high foot traffic. This mixed-use building features two four-bedroom residential units and two retail spaces, with a projected monthly gross income of $14,040 and a net of $90,322 annually. Located minutes from historical sites, top restaurants, shops, and Salem Harbor, this property is in the heart of a thriving community. Enjoy high foot traffic and excellent exposure, making it ideal for both residential and commercial tenants. Invest in this gem and secure a steady income stream in a vibrant, growing market. Residential rentals well below housing guidelines

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-03-23T22:03:28.483.
www.keliherrealestate.com/homes/152791903
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99 North St Salem, MA 01970

  • Price: $999,000
  • Status: Sold
  • On Site: Days
  • Updated: 60 min ago
  • MLS #: 73267089
8
Beds
2
Baths
2
½ Baths
0.1
Acres
5,866
SQFT
$0
$/SQFT
1890
Built
County:
Essex
Property Description
Here's your chance to invest in a prime piece of real estate poised to generate substantial income and build wealth over time. This highly visible commercial building is situated on a coveted corner lot, just half a mile from the communal rail, offering both convenience and high foot traffic. This mixed-use building features two four-bedroom residential units and two retail spaces, with a projected monthly gross income of $14,040 and a net of $90,322 annually. Located minutes from historical sites, top restaurants, shops, and Salem Harbor, this property is in the heart of a thriving community. Enjoy high foot traffic and excellent exposure, making it ideal for both residential and commercial tenants. Invest in this gem and secure a steady income stream in a vibrant, growing market. Residential rentals well below housing guidelines
Exterior Features

Covered Spaces 0 Garage YN No Lot Features Corner Lot Parking Features Off Street Parking Total 6 Roof Rubber Spa YN No Waterfront YN No

Interior Features

Basement Full Building Area Total 5866 Fireplace YN No Fireplaces Total 0 Flooring Wood Foundation Details Concrete Perimeter Lead Paint Unknown Rooms Total 16

Property Features

Community Features Public TransportationShoppingMedical FacilityT-Station Contingency Pending P&S Current Financing Conv. Fixed Disclosures Phone Store photo's from prior tenant Electric Circuit Breakers Gross Income 110268 Home Warranty YN No Net Operating Income 76282 Operating Expense 33856 Property Sub Type 4 Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 9802.63 Tax Year 2024 Total Actual Rent 9189 Water Source Public Year Built Details Actual Year Round Yes Zoning B1

Listing information © 2025 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Debra Lovelace of Churchill Properties: 978-515-7031.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-03-23T22:03:28.483.
 
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Keliher Real Estate
251 Newbury St
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Listing courtesy of Debra Lovelace of Churchill Properties.