Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
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$205,000

$275,000

25.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4,362 SqFt


SOLD DATE : 03/19/2024

Key Details

Sold Price $205,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,362 sqft

Price per Sqft $46

MLS Listing ID NJSA2007542

Sold Date 03/19/24

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $13,410

Tax Year 2022

Lot Size 5,602 Sqft

Acres 0.13

Lot Dimensions 80.00 x 70.00

Property Description

MAJOR PRICE REDUCTION IN SALEM, NJ! *** Hey there, are you ready to milk some profits in Salem County? I've got just the thing for you - a cash-cow opportunity that you won't want to miss! Are you on the lookout for a prime investment opportunity in Salem County? Well, what are you waiting for? Grab your overalls and let's get to work! Look no further than this exceptional 6-unit property, which promises to be your next cash cow! This property features six residential apartments, with three units currently rented on a month-to-month basis, and the other three recently vacated and ready for renovation to stabilize the rent in the building. Each unit boasts separate electric meters and utilities with electric baseboard heating. The property comprises of SIX 1-bedroom units, offering versatility and variety. You can easily tour the vacant Units 3, 4, and 6 with your Realtor. The occupied Units: Unit-1 ($650/mo), Unit-2 ($600/mo), and Unit-5 ($745/mo) - are long-term month-to-month tenants and current on rent, but may not grant access. Two of the vacant units are ready for a clean slate, while renovations have already commenced in the third vacant unit. Take advantage of this golden opportunity, bring your vision to life, stabilize the rents, and embark on your next BRRR journey. Contact us for more details! >>

Location

State NJ

County Salem

Area Salem City (21713)

Zoning R-2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Heat Source Electric

Exterior

Garage Spaces 6.0

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Salem City Schools

Others

Tax ID 13-00038-00007

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Private

Listing Terms Cash, Private

Financing Cash,Private

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Carlo Drogo Sr. • EXP Realty, LLC
Bought with Carlo Drogo Sr. • EXP Realty, LLC

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agent
Rachel Romano

REALTOR® | License ID: 1111154

+1(609) 238-1329

123 W Jersey Ave, Pitman, NJ, 08071

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