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$ 220,000
$ 225,000 2.2%
3,170 SqFt
$ 220,000
$ 225,000 2.2%
3,170 SqFt
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,170 sqft
Price per Sqft $69
Subdivision None Available
MLS Listing ID NJSA2012320
Sold Date 12/18/24
Style Other
Abv Grd Liv Area 3,170
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,708
Tax Year 2024
Lot Size 7,000 Sqft
Acres 0.16
Lot Dimensions 40.00 x 175.00
Property Sub-Type Detached
Property Description
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
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RESIDENTIAL
Rooms
Basement Unfinished
Interior
Hot Water Electric
Cooling Window Unit(s)
Flooring Carpet, Hardwood, Laminated
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Refrigerator
Heat Source Oil
Exterior
Utilities Available Natural Gas Available
Water Access N
Roof Type Metal
Accessibility 2+ Access Exits
Garage N
Building
Foundation Brick/Mortar
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 13-00018-00017
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Bought with Andrea O'Neal • BHHS Fox & Roach-Moorestown
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "