230-232 GRANT ST, Salem, NJ 08079 – NJSA2012320 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$225,000

Est. payment - /mo

3,170 SqFt

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UPDATED:

11/07/2024 11:44 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 3,170 sqft

Price per Sqft $70

Subdivision None Available

MLS Listing ID NJSA2012320

Style Other

Abv Grd Liv Area 3,170

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $4,708

Tax Year 2024

Lot Size 7,000 Sqft

Acres 0.16

Lot Dimensions 40.00 x 175.00

Property Description

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

Location

State NJ

County Salem

Area Salem City (21713)

Zoning RESIDENTIAL

Rooms

Basement Unfinished

Interior

Hot Water Electric

Cooling Window Unit(s)

Flooring Carpet, Hardwood, Laminated

Inclusions Refrigerator and stove/range

Equipment Oven/Range - Electric, Refrigerator

Fireplace N

Appliance Oven/Range - Electric, Refrigerator

Heat Source Oil

Exterior

Utilities Available Natural Gas Available

Water Access N

Roof Type Metal

Accessibility 2+ Access Exits

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Salem City Schools

Others

Tax ID 13-00018-00017

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Richard Clarke • Exit Homestead Realty Professi

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262