Salem, NJ 08079,312 E BROADWAY
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Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY
Salem, NJ 08079,312 E BROADWAY

$205,000

Est. payment /mo

$275,000

25.5%
Est.Price: ?

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312 E BROADWAY Salem, NJ 08079

4,362 SqFt

SOLD DATE : 03/19/2024

Key Details

Sold Price $205,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,362 sqft

Price per Sqft $46

MLS Listing ID NJSA2007544

Sold Date 03/19/24

Style Other

Abv Grd Liv Area 4,362

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

Rooms

Basement Full, Unfinished

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Fireplace N

Heat Source Electric

Exterior

Exterior Feature Porch(es)

Garage Spaces 6.0

Water Access N

Accessibility None

Porch Porch(es)

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

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
agent

Michael Habib

Agent | License ID: 2185004

+1(201) 250-9161

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