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Rental property priced for immediate return on investment. Existing income from rent totals $3,050 per month. Owner monthly expenses = $1,200 per month. Recent analysis showed current ROI = 18% or better. Four total units include; two 2 bedroom apartments and two 1 bedroom apartments. All apartments are tenant occupied. Common entry doors are keyed to provide added tenant security. Building is well maintained for turnkey operation. Off-street parking and security lighting is provided. Existing up-grades have been completed. Building is qualified for five-year certification by the NJ Department of Community Affairs (for multi-family properties).

Property Highlights

Type

Multi-Family

Style

Detached, Other

Year Built

1936

Subdivision

BROADWAY

Inside City

Not Specified, SALEM

County

SALEM

Elementary School

JOHN FENWICK SCHOOL

Middle School

SALEM M.S.

High School

SALEM

Property Details for 300 E BROADWAY

300 E BROADWAY is a multi-family for sale in Salem, NJ 08079. This 3900.00 SQFT multi-family sits on a 0.11 acre lot and features 0 bedrooms and 0 bathrooms. Built in 1936, this multi-family has been on the market for a total of 3 years and is currently priced at $130,000.

Bedrooms

One Bedroom Units
2
Two Bedroom Units
2

Other Rooms

Basement
Partial  /  Unfinished
Storage
Attic  /  Basement

Interior

Interior Features
Window Treatments
Flooring
Vinyl  /  Wood
Laundry
None

Exterior

Exterior Features
Satellite Dish  /  Sidewalks  /  Street Lights
Roof
Slate
Fencing
Other
Pool
No Pool

Heating & Cooling

Central Air
No
Cooling
Wall Unit
Cooling Fuel
Electric  /  Natural Gas
Heating
Hot Water  /  Radiator  /  Zoned
Heating Fuel
Natural Gas
Water Heater
Natural Gas

Services

Electric
100 Amp Service  /  Circuit Breakers
Water
Public
Sewer
Public Sewer
Security
Security Gate
Available Utilities
Cable TV Available

Parking

Garage Spaces
0.00
Open Parking Spaces
4
Parking
Parking Lot

Building

Total SQFT
3900.00
Total Finished SQFT
3900
Above Grade Finished SQFT
3900
Property Sub Type
Multi-Family
Structure Type
Detached
Architectural Style
Other
Foundation
Brick/Mortar
Accessibility Features
None
Other Structures
Above Grade

Construction

Year Built
1936
New Construction
No
Construction Materials
Other

Lot

Acres
0.11
Lot SQFT
4800.00
Zoning
RES

Waterbody

Waterfront
No
View of Water
No
Waterbody Tidal
No

Community

Subdivision
BROADWAY
County
SALEM

Schools

Elementary School
JOHN FENWICK SCHOOL
Middle School
SALEM M.S.
High School
SALEM
School District
SALEM CITY SCHOOLS

Address

Address
300 E BROADWAY, SALEM, NJ 08079
Street Address
300 E BROADWAY
City
SALEM
Zip
08079
Latitude
39.56845474
Longitude
-75.46287537
Directions
from Pennsville & points northturn left on (E Broadway in Salem) PIQ on left from Quinton & points southturn onto (E Broadway in Salem) PIQ on right
State
NJ

Pricing

Sale Type
Sale
Price
$130,000
Price Per SQFT
$33.33

Status

MLS ID
1000372731
Status
Active
Published Date
October 31, 2016
Modified Date
July 1, 2019 at 11:27 AM

Taxes & Assessments

Tax Assessed Value
143600.0
Tax Lot
00015
Tax Year
2018

Terms

Inclusions
4 Active Tenants,

Source

Agent
Dennis E Newton
Agent Phone Number
6097748841
Office
Pino Agency-Pennsville
Data Source
Bright MLS
Data Disclaimer
Copyright 2018 Bright MLS, All Rights Reserved. Information deemed reliable but not guaranteed. The property information is provided for personal, non-commercial use of consumers and such information 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 on the website may no longer be offered for sale because they are for instance, under contract, sold or are no longer being offered for sale. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS. Real estate listings held by brokerage firms other than Copper Hill Real Estate, LLC will include the name of the listing broker(s) when required by the MLS.