******Contracts out..... Multiple offers**** Welcome to an exceptional investment opportunity in the heart of Salem City! The ground floor is home to a successful and well-established restaurant. Fully equipped and recently updated, it provides an immediate and consistent source of income. Upstairs, discover a thoughtfully designed one-bedroom apartment. Updated and currently rented out, it offers a comfortable and attractive living space. Both units are updated and already leased, ensuring a positive cash flow from day one. This turnkey property is an ideal investment for those seeking immediate return.
Sold for $140,000 on 01/11/24
$140,000
161 W Broadway, Salem, NJ 08079
1beds
1baths
--sqft
Retail
Built in 1920
-- sqft lot
$165,800 Zestimate®
$--/sqft
$1,049 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 12, 2024 at 01:53am
Listed by:
Omar Din 267-918-0890,
EXP Realty, LLC,
Co-Listing Agent: Andrea Kappre 856-419-3560,
EXP Realty, LLC
Bought with:
Kimberly Cassidy
KW Philly
Source: Bright MLS,MLS#: NJSA2009580
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,302 sqft
- Dimensions: 14.00 x 93.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130005700013
- Zoning: RETAIL COMMERCIAL
- Zoning description: MIxed use building - restaurant with an apartment above
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Retail
Materials
- Other
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
- Municipality: SALEM CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$165,800
2% more+$3,316
With Zillow Showcase(estimated)$169,116