Address
91 7Th Street, Salem, NJ
Price
$ 179,000
Property Attributes
- MLS#NJSA2010798
- TypeMulti-Family
- CountySALEM
- CitySalem
- AreaSalem City
- Zip08079
- StyleColonial
- Year Built1900
- Taxes$ 3443
- Price$ 179,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,970 SqFt
Data Source:
Bright MLS
Property Description
**Investment Opportunity in Salem, NJ!** 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
| Price History | |
|---|---|
| 4/27/2024 | Listed $179,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Hot Water |
| Cooling | Window Unit(s) |
| Utilities | Cable TV Available |
| Possession | Settlement |
| Roof | Architectural Shingle |
| Appliances | Oven/Range - Electric,Refrigerator |
| Zoning | RESIDENTIAL |
| Pool Y/N | No Pool |
| Architectural Style | Colonial |
| Construction Materials | Frame |
| Exclusions | All items considered landlords and tenants personal property |
| Year Built | 1900 |
| Electric | 100 Amp Service |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 23400.00 |
| OwnerPays | Accounting/Legal,Advertising/Licenses and Permits,Common Area Maintenance,Heater Maintenance Contract,Insurance,Lawn/Shrub Care,Management,Pest Control,Repairs,Sewer,Taxes - Real Estate,Water |
| Accessibility | 2+ Access Exits |
| County | SALEM |
| Net Operating Income | 15117.00 |
| Operating Expense | 8283.00 |
| Insurance Expense | 1200.00 |
| New Construction | No |
| Property Type | Multi-Family |
| MaintenanceExpense | 1000.00 |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 11 |
| Status | ACTIVE |
| Directions | Grant Street turn onto Hubble St,right onto Pledger St and Right onto 7th Street house is on the right side |
| ModificationTimestamp | 2024-04-27T17:24:18 |
| City | SALEM |
| Zoning Description | Residential |
| Total Units | 2 |
| MLS Area | Salem City (21713) |
| Lot Size Square Feet | 6852.00 |
| Tax Assessed Value | 33700.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 2 |
| Street Name | 7TH |
| Tax Annual Amount | 3443.0 |
| Home Warranty Y/N | No |
| Property Condition | Good |
| Trash Expense | 0.00 |
| Two Bedroom | 2 |
| Structure Type | Detached |
| Other Units | Unit 1,Unit 2 |
| Price Per Sq Ft | 98.95 |
| Acceptable Financing | Cash,Conventional |
| Historic Y/N | No |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 1809 |
| Days on Market | 5 |
| Lease Type | Month to Month,Yearly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 17 |
| Total Actual Rent | 23400.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Oil |
|---|---|
| Flooring | Hardwood,Ceramic Tile,Laminate Plank |
| Hot Water | Electric |
| Total Stories | 2 |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Window Features | Replacement |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
Exterior Features
| Parking Features | Dirt Driveway |
|---|---|
| Water Source | Public |
| Inclusions | Stove/range and refrigerator |
| Total Parking Spaces | 4 |
| Type of Parking | On Street,Driveway |
| Foundation Details | Brick/Mortar |
| Water View Y/N | No |
| Lot Dimensions | 50.00 x 137.00 |
| Lot Size Acres | 0.16 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Pool Charge | 0.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
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 Multi-Family Average in 08079
Price
Taxes
Visits
Year Built
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