Welcome to 190 7th St. Investor Special. Endless possibilities. Historic street. This house needs Major TLC. Perfect for a contractor looking to add to their rental portfolio. This TRIPLEX has three one bedroom apartments, but two of the units you can make into a two bed to make the rent return higher. Come check this out for yourself.
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: $1,650 (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
A two-family home for sale typically features two separate living units within a single building. Here's a detailed description: Exterior: This well-maintained two-family home boasts a charming exterior with a brick or vinyl siding finish, complemented by a welcoming front porch and landscaped yard. The property includes a shared driveway leading to a ten-cars parking spaces. A backyard offers privacy and space for outdoor activities or gardening. First Unit (One side): The first unit features a spacious living room with large windows that provide ample natural light, hardwood flooring, and an open floor plan that flows into a modern kitchen. The kitchen is equipped with stainless steel dishwasher and appliances, laminate countertops, and plenty of cabinetry. This unit includes two bedrooms, with the master bedroom offering an entrance to the attic. There is also a full bathroom for the other bedrooms and a convenient laundry area in the basement. Second Unit (other side): The second unit offers a similar layout, with a living room, dining area, and smaller kitchen. This unit has two bedrooms, a full bathroom, and a separate entrance for added privacy. The kitchen features cool finishes and access to a overlooking the backyard. Additional Features: Basement with potential for an extra living space, home office, or recreation room Separate utilities for each unit Central heating and cooling systems Rental income potential from the second unit This home is located in a quiet neighborhood, close to schools, parks, shopping centers, and public transportation, making it ideal for both investors and families looking to generate extra income.
DESCRIPTION & PICS TO FOLLOW SHORTLY ***BEING SOLD AS A PACKAGE DEAL WITH MLS# NJSA2011936, NJCD2074238, NJBL2071132, NJSA2011916, NJGL2046336, NJSA2011920, NJSA2011926, NJSA2011928, NJSA2011930, NJSA2011932, NJSA2011988, NJSA2011990, NJSA2011934, NJSA2011994***SELLER WILL CONSIDER SELLING INDIVIDUALLY
Great Investment Opportunity Duplex With 3 Bedroom 1 Bathroom Rented With Section 8 Tenant 1 Studio 1 Bathroom Vacant Take Advantage Of This Great Opportunity Studio Can Be Entered 3 Bedroom Can Be Entered During Home Inspection And Appraisal Property Is Being Sold As Is
Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 196-198 E. Broadway, Salem, New Jersey *Six spacious residential apartments ( Rents below market) *Two large commercial stores on the ground floor Welcome to 196-198 E. Broadway, Salem, New Jersey â a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential. The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners. This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.
3 Unit Home That Has 2 Units (2 Bedroom $950 Section 8 Lease and 1 Bedroom $775 Month To Month). 4 Bedroom Unit Is Available On The First Floor. The Kitchen and Bathroom Have Recently Been Renovated. The 1 Bedroom Unit Has 1 Bath and Access To The Balcony The 2 Bedroom Unit Has Access To The Attic The 4 Bedroom Unit Has Access To The Basement-Prior To Tenant Moving Out Property Was Collection $1600 Cash or Conventional Financing As-Is
Duplex in Salem City with each unit boasting 2 bedrooms and 1 bath, this property offers versatile living arrangements ideal for multigenerational families, rental income, or an owner-occupied investment. Whether you choose to rent out both units for passive income or occupy one while leasing the other, this property offers lucrative possibilities for investors seeking long-term returns. Home is being sold as - is. Seller will make no repairs. Buyer is responsible for certificate of occupancy
Welcome to 236 Wesley fully remodeled 3 bed 1.5 bath with loft, with new floors, bathrooms, kitchen, appliances. gas heat, new hw heater. full basement. 238 Wesley is tenant occupied and is attached as a twin to 236 Wesley. Tenant in process of moving out. 238 Wesley AS IS SALE. Both homes being sold together.
ð¡ **Investment Opportunity in Salem, NJ!** PRICE REDUCTION Welcome to your new investment property or potential home! Explore this beautifully renovated 2nd-floor unit, featuring brand new windows installed in March 2024. This spacious unit offers 1 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. 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 vacant. With market rents in the range of $1400-$1500, for 2 bedroom units you can set the rent with your new tenant. 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! ð There are no pictures of the 1st floor as it was tenant occupied at the time.
Salem is located in New Jersey. Salem, New Jersey has a population of 4,877. Salem is less family-centric than the surrounding county with 7.91% of the households containing married families with children. The county average for households married with children is 26.93%.
The median household income in Salem, New Jersey is $25,171. The median household income for the surrounding county is $63,934 compared to the national median of $57,652. The median age of people living in Salem is 35.2 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 44.7 inches per year, with 13.4 inches of snow per year.
