Triplex Investment Opportunity in Salem, NJ Property Overview: Location: Salem, NJ Property Type: Triplex All units currently rented, providing immediate income Well-maintained property with recent updates Unit Details: 232 Unit A 1 Bedroom, 1 Bathroom Updated flooring, paint, and appliances Current Rent: $1,050 232 Unit B 1 Bedroom, 1 Bathroom Current Rent: $645 (Potential for increase up to $1,000) 230 Unit 4 Bedrooms, 1 Bathroom Long-term tenant with Section 8 agreement Current Rent: $1,050 (Increase pending approval) Property Features: Vinyl siding Newer roof (replaced in the last couple of years) Investment Potential: Investors, this triplex in Salem, NJ presents a lucrative opportunity with all three units currently rented, generating immediate rental income. With potential rental increases for Unit B and pending approval for an increase in Unit 230, there is room for further profitability. The property's recent updates and well-maintained condition make it an attractive investment for those looking to expand their real estate portfolio. Property is sold strictly in as is condition all inspection are for buyers information only. If new CO are required buyer will be responsible for the cost to obtain them. For more information or to schedule a viewing, please contact the listing agent. Don't miss out on this promising investment opportunity in Salem, NJ! Do not disturb tenants all showings through Showing Time 48 hour notice required . Pictures are from when 232A was vacant
Sold for $220,000 on 12/18/24
$220,000
230 Grant St #232, Salem, NJ 08079
5beds
--baths
3,170sqft
Triplex
Built in 1900
-- sqft lot
$223,800 Zestimate®
$69/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 18, 2024 at 08:31am
Listed by:
Richard Clarke 856-469-9200,
Exit Homestead Realty Professi,
Listing Team: Team Rcd
Bought with:
Andrea O'Neal, 1972000
BHHS Fox & Roach-Moorestown
Source: Bright MLS,MLS#: NJSA2012320
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Forced Air, Baseboard, Oil
Cooling
- Window Unit(s), Electric
Appliances
- Included: Oven/Range - Electric, Refrigerator, Electric Water Heater
Features
- Flooring: Carpet, Hardwood, Laminate
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,170
- Total interior livable area: 3,170 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Pool features: None
Lot
- Size: 7,000 sqft
- Dimensions: 40.00 x 175.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130001800017
- Zoning: RESIDENTIAL
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex
Materials
- Combination, Copper Plumbing, Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Metal
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Cable
Community & neighborhood
Location
- Region: Salem
- Subdivision: None Available
- Municipality: SALEM CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$223,800
2% more+$4,476
With Zillow Showcase(estimated)$228,276