Welcome to a versatile property featuring two separate units, each offering 2 bedrooms, 1 full bath, and 1 half bath. With a total of four bedrooms and four bathrooms, the property provides a functional layout with flexibility for rental income, owner occupancy, or a combination of both. Each unit offers its own living space, creating excellent potential for a variety of uses and investment strategies. Conveniently located in Salem with access to local shopping, dining, transportation, and major roadways, this property combines functionality and income potential. Two units, four bedrooms, and multiple bathrooms create plenty of possibilities. Explore the potential and discover what this property has to offer! As-is Sale, Buyer is responsible for CO/Town Certificates. Some photos are virtually enhanced.
CALLING ALL INVESTORS! This property is the one you have been waiting for! This one will not last! This Property is being sold As-Is condition. Property has 3 units 2 bed 1 bath each. Buyer is responsible for all certifications. Seller never occupied. Neither the seller or listing agent make any representation as to the accuracy of any information contained herein. Buyer must conduct their own due diligence, verification, research and inspections and are relying solely on the results thereof. Buyer to pay all closing costs and transfer tax.
Investor Opportunity in Salem! Bring your vision and unlock the potential of this duplex located at 107-109 Seventh St, Salem, NJ. Offering two separate units, this property is a true blank slate and presents an excellent opportunity for an investor or experienced renovator looking for their next project. The property requires extensive rehabilitation, allowing the new owner to redesign and renovate the space to fit their investment goals. A new main roof has already been installed; however, the front and rear porch roofs are not new and will require attention. With two units and plenty of potential, this property could make a great addition to an investment portfolio once renovations are complete. Cash buyers only. Property is being sold strictly AS-IS. Buyer is responsible for all inspections, certifications, repairs, and due diligence.
All those times you talked about how if you found a deal on a multifamily you were going to take it down and become the next Monopoly Man... well here is your moment to put up or shut up. This is a steal of a deal on this 4 unit in downtown Salem City NJ. This money maker stretches over 5500+ sq ft allowing you to design the optimum floorplan to maximize your rental income. Some of the heavy lift is done as you can see from the photos making cash flow that much sooner for you. Take advantage of this opportunity and practice what you preach.
Investor Alert - Positioned in the heart of Salem, this income producing duplex offers immediate cash flow with both units currently occupied-step into ownership with this Income Producing Asset. The property has been maintained where it matters most. Major mechanical and electrical systems were updated, giving you a solid operational foundation reducing near=term capital expenses. One unit occupied at standard rental rate, while the other is vacant. This is an ideal addition to a growing portfolio or a smart entry point for a first-time investor.
Great tri-plex in Salem. Three units with long-term tenants, all CO's in place, LBP inspections are current. Two of the units are one bedroom/one bathroom, and one unit has three bedrooms with one full bathroom, one half bathroom. Tenants pay electric on seperate meters. Tenants will need ample notice for showings. All prospective buyers will need to provide proof of funds or an updated mortgage approval letter prior to any showing requests being approved.
Salem is located in New Jersey. Salem, New Jersey has a population of 5,237. Salem is less family-centric than the surrounding county with 14.63% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Salem, New Jersey is $26,667. The median household income for the surrounding county is $67,898 compared to the national median of $69,021. The median age of people living in Salem is 32.5 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 44.9 inches per year, with 16.6 inches of snow per year.
