This prime multi-tenant investment opportunity is strategically located in the heart of Salem with excellent accessibility to major highways, public transportation, and neighboring communities, and presents a rare investment or owner-occupant opportunity. The property consists of two spacious commercial units: the first floor is currently leased at will, this unit includes two private restrooms and a dedicated entrance, providing stable rental income. The second floor space is owner-occupied and operating as a salon. This unit features a private restroom and flexible layout suited for a variety of professional or personal service uses. Front and rear entrances for each unit, two oil heating systems, central air conditioning, solar panels, and on-site parking for up to 11 vehicles. All information was obtained from the Seller and reliable public sources. Prospective buyers should perform due diligence in all matters of a contemplated acquisition.
97 Boston St, Salem, MA, 01970
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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