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198 MAIN ST
SALEM, NY 12865
Asking Price
$250K
Asset Type
Mixed-use
Class
Class B
What's Special
Right in the heart of Salem village <p>Working hard already. This well-maintained mixed-use building offers the kind of versatility that's increasingly rare at this price point in Washington County. Four apartments -- one 2-bedroom and three 1-bedrooms -- sit above two vacant commercial spaces on the first floor, generating $3,200 per month in residential rental income with additional upside potential from the two retail spaces ready for a new tenant or owner-operator. The apartments are updated, functional, and consistently occup
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NOI
$80,000
Cap Rate
32.03%
DSCR
5.39
Strong
Cash-on-Cash
86.97%
Monthly Payment
$1,235.76
Annual Cash Flow
$65,170.876
