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312 E Broadway

SALEM, NJ 08079
  • $275,000
  • STATUS: Active
  • ON SITE: 295 Days
  • MLS #: NJSA2007542
UPDATED: 105 min ago
$275,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

School District:

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! >>

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
www.sellwithsikora.com/homes/139310710
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312 E Broadway SALEM, NJ 08079

  • Price: $275,000
  • Status: Active
  • On Site: 295 Days
  • Updated: 105 min ago
  • MLS #: NJSA2007542
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1940
Built
Neighborhood:
Salem City (21713)
County:
Salem
Area:
Salem City (21713)
School District:
Salem City Schools
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! >>
Exterior Features

Construction Materials Frame Garage YN No Location Type Downtown Parking Types Driveway Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4362.00 Cooling Window Unit(s) Heating Baseboard - Electric Heating YN Yes Net Square Feet 4362.00

Property Features

Acceptable Financing CashPrivate Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Cross Street Johnson Street Foundation Details Block Heating Fuel Electric Hot Water Electric Lease Considered YN No Municipality SALEM CITY Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 802326422590 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 13410.00 Tax Assessment Amount 178400.00 Tax Lot 00007 Vacation Rental YN No Water Source Public Zoning R-2 Zoning Description "Apartment"

Listing courtesy of EXP Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
 
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eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042