30 Davis Ave presents a redevelopment or full-rehabilitation opportunity in Salem, NJ. The property is currently configured as a multi-unit property and was previously utilized as multiple residential units. Buyer is responsible for confirming zoning compliance, legal use, and permitted unit count with the municipality. Buyer is responsible for all inspections, certifications, municipal requirements, permits, liens, back taxes, and any associated costs.
Property Has 2 Of 3 Units Rented 2 Bedroom Rent $1000/Mo-Under Lease Month 2 Month 1 Bedroom-Rent $850/Mo-Lease till 10/2026 4 Bedroom-Was Rented for $1600/Mo-Moving Out 1/31/2026 Property Is As Is Buyer Responsible for CO Showings are from 5-7 on WED and 12-4 on Sat
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.
