MAJOR PRICE REDUCTION IN SALEM, NJ! *** Hey there, are you ready to milk some profits in Salem County? I've got just the thing for you - a cash-cow opportunity that you won't want to miss! Are you on the lookout for a prime investment opportunity in Salem County? Well, what are you waiting for? Grab your overalls and let's get to work! Look no further than this exceptional 6-unit property, which promises to be your next cash cow! This property features six residential apartments, with three units currently rented on a month-to-month basis, and the other three recently vacated and ready for renovation to stabilize the rent in the building. Each unit boasts separate electric meters and utilities with electric baseboard heating. The property comprises of SIX 1-bedroom units, offering versatility and variety. You can easily tour the vacant Units 3, 4, and 6 with your Realtor. The occupied Units: Unit-1 ($650/mo), Unit-2 ($600/mo), and Unit-5 ($745/mo) - are long-term month-to-month tenants and current on rent, but may not grant access. Two of the vacant units are ready for a clean slate, while renovations have already commenced in the third vacant unit. Take advantage of this golden opportunity, bring your vision to life, stabilize the rents, and embark on your next BRRR journey. Contact us for more details! <<<Broker and Seller assume no responsibility and make no guarantees, warranties or representations, both expressed or implied, as to the availability or accuracy of the property information, room counts, dimensions or other information depicted or described herein. Buyer is responsible for completing their own due diligence and verifying all information necessary.>>>
Sold for $205,000 on 03/19/24
$205,000
312 E Broadway, Salem, NJ 08079
6beds
--baths
4,362sqft
Multi Family
Built in 1940
-- sqft lot
$318,700 Zestimate®
$47/sqft
$1,412 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 19, 2024 at 07:11am
Listed by:
Carlo Drogo SR. 856-692-4368,
EXP Realty, LLC,
Listing Team: The Expert Sales Team, Co-Listing Team: The Expert Sales Team,Co-Listing Agent: Timothy J Kaganzev 856-503-8668,
EXP Realty, LLC
Bought with:
Carlo Drogo SR.
EXP Realty, LLC
Tim Kaganzev
EXP Realty, LLC
Source: Bright MLS,MLS#: NJSA2007544

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,362
- Total interior livable area: 4,362 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Uncovered spaces: 6
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 5,602 sqft
- Dimensions: 80.00 x 70.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130003800007
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Frame
Condition
- New construction: No
- Year built: 1940
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
- Listing terms: Cash,Private Financing Available
- Ownership: Fee Simple
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$318,700
2% more+ $6,374
With Zillow Showcase(estimated)
$325,074