$142,000
$149,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
1,809 SqFt
SOLD DATE : 02/21/2025
Key Details
Sold Price $142,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,809 sqft
Price per Sqft $78
MLS Listing ID NJSA2010798
Sold Date 02/21/25
Style Colonial
Abv Grd Liv Area 1,809
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,443
Tax Year 2023
Lot Size 6,852 Sqft
Acres 0.16
Lot Dimensions 50.00 x 137.00
Property Sub-Type Detached
Property Description
🏡 **Investment Opportunity in Salem, NJ!**
PRICE REDUCTION
BACK ON MARKET, BUYER BACKED OUT. Let there Lose be your gain. Welcome to your new investment property or potential home! Explore this beautifully renovated 2nd-floor unit, featuring brand new windows installed in March 2024. This spacious unit offers 1 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The lease expires in February 2025. Additionally, the unit comes with a current lead certificate and CO.
Unit A on the first floor is a 2-bedroom, 1-bathroom unit, currently vacant. With market rents in the range of $1400-$1500, for 2 bedroom units you can set the rent with your new tenant.
This property presents an excellent opportunity to add to your rental portfolio or live in the downstairs unit while the 2nd unit helps cover the mortgage. Don't miss out on this chance to generate passive income or enjoy the benefits of multi-family living. Schedule your viewing today and seize this lucrative investment opportunity! 🌟 There are no pictures of the 1st floor as it was tenant occupied at the time. PPROPERTY IS SOLD AS IS SELLER WILL MAKE NO REPAIRS, INSPECTIONS ARE FOR BUYERS INFORMATION ONLY. BUYER IS RESPONSIBLE TO OBTAIN CERTIFICATE OF OCCPANCY ONCE THE HAVE A NEW TENANT OR OCCUPY THE UNIT THEMSELVES.
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Flooring Hardwood, Ceramic Tile, Laminate Plank
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Window Features Replacement
Appliance Oven/Range - Electric, Refrigerator
Heat Source Oil
Exterior
Garage Spaces 4.0
Utilities Available Cable TV Available
Water Access N
Roof Type Architectural Shingle
Accessibility 2+ Access Exits
Total Parking Spaces 4
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00017-00017
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with John Melleady • Peze & Associates