Investment Opportunity in Salem

NJ! PRICE REDUCTION Welcome to your new investment property or potential home. Explore this beautifully renovted 2nd-floor unit, featuring brand new windows installed in March 2024. This vast unit offers 2 bedrooms, 1 bathroom and is currently rented at $1, 100.00 per month. The current tenant moved in and the lease expires in February 2025. Additionally, the unit comes with a current lead certificate and CO. Unit A on the first floor is another 2-bedroom, 1-bathroom unit, currently occupied by a month-to-month tenant at $850.00 per month. With market rents in the range of $1400-$1500, there's potential for increased r ental income. 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 is tenant occupied

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on 91 7th St
in Salem, NJ
Presented by Richard Clarke at
EXIT HOMESTEAD REALTY PROFESSIONALS.


Property MLS #NJSA2010798 from BrightMLS

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+ Bedrooms

Bedrooms: 4

+ Appliances

Oven/Range - Electric
Refrigerator

+ Heating and Cooling

Cooling Features: Window Unit(s)
Heating Features: Baseboard - Hot Water
Heating: Yes

+ Bathrooms

Full Bathrooms: 2

+ Land Info

Lot Size Acres: 0.1573003
Lot Size Square Feet: 6852

+ Garage and Parking

Parking Features: Dirt Driveway, Driveway Spaces: 4, On Street
Parking Total: 4

+ Multi-Unit Info

Number of Units: 2
Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 6

+ School Information

School District: SALEM CITY SCHOOLS
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Salem Middle School is a public elementary and middle school located approximately 0.5 miles away.
Map directions

Salem High School is a public high school located approximately 1.3 miles away.
Map directions

+ Other Property Info

Annual Tax Amount: 3443.0
Source Listing Status: Pending
County: SALEM
Source Property Type: Multi-Family
Area: SALEM
Source Neighborhood: SALEM
Postal Code Plus 4: 1028
Township: SALEM CITY
Property Subtype: Duplex
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-05-20
$169,000
BrightMLS

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Listed 2024-04-26
$179,000
BrightMLS

+ Building and Construction

Total Square Feet Living: 1809
Year Built: 1900
Construction Materials: Frame
Property Age: 124
Structure Type: Detached
House Style: Colonial
Architectural Style: Detached

+ Accessibility Features

2+ Access Exits