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91 7TH Street

SALEM, NJ 08079
  • $169,000
  • STATUS: Pending
  • ON SITE: 55 Days
  • ID#: NJSA2010798
Pending
UPDATED: 112 min ago
$169,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,809
    SQFT
  • $93
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

**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 2 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The current tenant just 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 rental 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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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-21T08:55:38.417.
www.soldbybroc.com/homes/149964171
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91 7TH Street SALEM, NJ 08079

  • Price: $169,000
  • Status: Pending
  • On Site: 55 Days
  • Updated: 112 min ago
  • ID#: NJSA2010798
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,809
SQFT
$93
$/SQFT
1900
Built
Neighborhood:
Salem City (21713)
County:
Salem
Area:
Salem City (21713)
School District:
Salem City Schools
Property Description
**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 2 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The current tenant just 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 rental 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
Exterior Features

Architectural Style Colonial Construction Materials Frame Garage YN No Parking Features Dirt Driveway Parking Types On StreetDriveway Pool No Pool Property Condition Good Roof Architectural Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1809 Appliances Oven/Range - ElectricRefrigerator Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Exclusions All items considered landlords and tenants personal property Fireplace YN No Flooring HardwoodCeramic TileLaminate Plank Heating Baseboard - Hot Water Heating YN Yes Inclusions Stove/range and refrigerator Rooms Total 11 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Central Air YN No Cooling Fuel Electric Cross Street Pledger Electric 100 Amp Service Existing Lease Type Month to MonthYearly Foundation Details Brick/Mortar Gross Income 23400.00 Heating Fuel Oil Historic YN No Hot Water Electric Insurance Expense 1200.00 Maintenance Expense 1000.00 Municipality SALEM CITY Navigable Water YN N Net Operating Income 15117.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Operating Expense 8283.00 Original MLSNumber 803019982998 Owner Pays Accounting/LegalAdvertising/Licenses and PermitsCommon Area MaintenanceHeater Maintenance ContractInsuranceLawn/Shrub CareManagementPest ControlRepairsSewerTaxes - Real EstateWater Ownership Interest Fee Simple Pool Expense 0.00 Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3443.00 Tax Lot 17 Total Actual Rent 23400.00 Trash Expense 0.00 Utilities Cable TV Available Vacation Rental YN No Water Source Public Window Features Replacement Zoning RESIDENTIAL Zoning Description Residential

Listing courtesy of Exit Homestead Realty Professionals: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-21T08:55:38.417.
 
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