Listed By:
Keller Williams Hometown
Address
9 Quinton Alloway Road, Salem, NJ
Price
$ 1,800,000
Property Attributes
  • MLS#NJSA2010032
  • TypeCommercial
  • CountySALEM
  • CitySalem
  • AreaQuinton Twp
  • Zip08079
  • StyleApartment Building
  • Year Built1900
  • Taxes$ 16268
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13896
  • Lot Size0.76 Acres
Data Source:
Bright MLS
Property Description

Quinton Twp multifamily, the mailing address is Salem however this is not Salem City. 6 Duplexes on one block and lot. 8 three bedroom one bath and 4 two bedroom one bath. Laundry in all units. All units have a finished attic and full unfinished basement for storage. New architectural shingles on all the buildings. New Siding on 5 of the buildings. Public water and Public Sewer. Electric water heaters in all units. Every unit has separate above ground oil tanks, tenant is responsible to fill for heat. There are plenty of opportunities for an increase in rents. 2024 Pro-forma gross income of $186, 720.

Price History
3/12/2024 Listed $1,800,000

General Features

Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Possession 0-30 Days CD,120-180 Days,31-60 Days CD,61-90 Days CD,90-120 Days CD,Immediate
Roof Architectural Shingle
Zoning APT
Construction Materials Frame
Year Built 1900
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays Taxes - Real Estate
Business Type Apartment Building
Accessibility 2+ Access Exits
County SALEM
Net Operating Income 129747.00
Operating Expense 31368.00
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status ACTIVE
Directions Left at light on main onto Quinton Alloway
ModificationTimestamp 2024-03-30T01:39:14
City SALEM
Buyer Agent Compensation 2.5
MLS Area Quinton Twp (21712)
Lot Size Square Feet 33106.00
Tax Assessed Value 461400.0
Waterfront Y/N No
Street Name QUINTON ALLOWAY
Tax Annual Amount 16268.0
Price Per Sq Ft 150.0
Vacation Rental Y/N No
Days on Market 36
Standard Status Active
Year Built Source Assessor
Tax Lot 00001
Cap Rate 7.21
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Oil
Hot Water Electric
Heating Y/N Yes
Street Suffix ROAD
Central Air Y/N No

Exterior Features

Water Source Public
Total Parking Spaces 20
Type of Parking Parking Lot,Driveway
Water View Y/N No
Building Area Total 12000.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.76
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 43400.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 08079

Price
AVG $410K
$1.8M
Taxes
AVG $9,330
$16,268
Visits
AVG 134
53
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1900

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