Description
Triplex investment opportunity in salem, nj
property overview:
location: salem, nj
property type: triplex
all units currently rented, providing immediate income
well-maintained property with recent updates
unit details:
232 unit a
1 bedroom, 1 bathroom
updated flooring, paint, and appliances
current rent: $1,050
232 unit b
1 bedroom, 1 bathroom
current rent: $645 (potential for increase up to $1,000)
230 unit
4 bedrooms, 1 bathroom
long-term tenant with section 8 agreement
current rent: $1,050 (increase pending approval)
property features:
vinyl siding
newer roof (replaced in the last couple of years)
investment potential:
investors, this triplex in salem, nj presents a lucrative opportunity with all three units currently rented, generating immediate rental income. with potential rental increases for unit b and pending approval for an increase in unit 230, there is room for further profitability. the property's recent updates and well-maintained condition make it an attractive investment for those looking to expand their real estate portfolio. property is sold strictly in as is condition all inspection are for buyers information only. if new co are required buyer will be responsible for the cost to obtain them.
for more information or to schedule a viewing, please contact the listing agent. don't miss out on this promising investment opportunity in salem, nj! do not disturb tenants all showings through showing time 48 hour notice required . pictures are from when 232a was vacant
Property Type
Multi-FamilySubdivision
None AvailableCounty
SALEMStyle
OtherAD ID
46973786
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Roof : Metal
- Basement Description: Unfinished
- Property Appliances: Oven/Range - Electric,Refrigerator
Roofing Information
- Metal
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: 90% Forced Air,Baseboard - Hot Water
- Cooling Fuel: Electric
- Heating Fuel: Oil
-
Exterior Features
Building Information
- Year Built: 1900
- Structure: Detached
- Major Appliances: Oven/Range - Electric,Refrigerator
- New Construction: No
- Total Units: 3
- Built: 1900
- Construction Material: Combination,Copper Plumbing,Vinyl Siding
- Roof: Metal
- Foundation/Basement: Brick/Mortar
- Architecture: Other
- Pool/Private: No Pool
- Roof Type: Metal
Exterior Features
- Utilities: Natural Gas Available
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 7,000
- Dimensions: 40.00 x 175.00
- Lot Size (Acres): 0.16
- Architectural Style: Other
- Main Square Feet: 7,000
Property Information
- SQ ft: 3,170
- SQ ft (Living Area): 3,170
- Total Lot SQ ft: 7,000
- Subdivision: NONE AVAILABLE
- Financing: Cash,Conventional
- Appx. Lot Dimensions: 40.00 x 175.00
- Total Acreage: 0.16
- New Construction: No
- Type: Other
-
Listing Information
Listing Information
- Possession: Settlement
- Days Of Market: 49
-
Taxes / Assessments
Tax Information
- Annual Tax: $4,708
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Settlement
Assessment Information
- Taxes Assessment Amount: $59,900
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: On Street
Multi-Unit Information
- Acceptable Financing: Cash,Conventional
- Roof: Metal
Homeowners Association Information
- Direction: from Market St turn on to Grant and house is on the left past the corner of Hubble Ave
-
School, Utilities & Location Details
School Information
- School District: SALEM CITY SCHOOLS
Utility Information
- Natural Gas Available
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Oil
- Hot Water: Electric
Location Information
- Direction: from Market St turn on to Grant and house is on the left past the corner of Hubble Ave
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BuyOwner last updated this listing 12/22/2024 @ 04:28
- MLS: NJSA2012320
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 7,000 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of SALEM , in zip code 08079, this SALEM County Other , it is in the NONE AVAILABLE Subdivision, and are nearby neighborhoods.