300 E Broadway

    SALEM, NJ 08079
    • $130,000
    • STATUS: Active
    • ON SITE: 270 days
    • ID#: 1000372731
    UPDATED: 85 min ago
    $130,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,900
      SQFT
    • $33
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Rental property priced for immediate return on investment. Existing income from rent totals $3,050 per month. Owner monthly expenses = $1,200 per month. Recent analysis showed current ROI = 18% or better. Four total units include; two 2 bedroom apartments and two 1 bedroom apartments. All apartments are tenant occupied. Common entry doors are keyed to provide added tenant security. Building is well maintained for turnkey operation. Off-street parking and security lighting is provided. Existing up-grades have been completed. Building is qualified for five-year certification by the NJ Department of Community Affairs (for multi-family properties).

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-06-26T21:55:32.903.
    www.boblucidoteam.com/homes/88039002

    300 E Broadway SALEM, NJ 08079

    • Price: $130,000
    • Status: Active
    • Updated: 85 min ago
    • ID#: 1000372731
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,900
    SQFT
    $33
    $/SQFT
    1936
    Built
    Neighborhood:
    Broadway
    County:
    Salem
    Area:
    Salem City (21713)
    Elementary School:
    John Fenwick School
    Middle School:
    Salem M.S.
    High School:
    Salem
    School District:
    Salem City Schools
    Property Description
    Rental property priced for immediate return on investment. Existing income from rent totals $3,050 per month. Owner monthly expenses = $1,200 per month. Recent analysis showed current ROI = 18% or better. Four total units include; two 2 bedroom apartments and two 1 bedroom apartments. All apartments are tenant occupied. Common entry doors are keyed to provide added tenant security. Building is well maintained for turnkey operation. Off-street parking and security lighting is provided. Existing up-grades have been completed. Building is qualified for five-year certification by the NJ Department of Community Affairs (for multi-family properties).
    Exterior Features

    Architectural Style Other Construction Materials Other Exterior Features SidewalksStreet LightsSatellite Dish Fencing Other Garage YN No Other Structures Above Grade Parking Types Parking Lot Pool No Pool Property Condition Average+Prop Riparian Rights YN No Roof Slate Sign On Property YN N Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3900 Basement PartialUnfinished Basement YN Yes Building Area Total 3900.00 Cooling Wall Unit Cooling YN Yes Fireplace YN No Flooring WoodVinyl Heating Hot WaterRadiatorZoned Heating YN Yes Inclusions 4 Active Tenants Interior Features Window Treatments Laundry Type None Room List Master Bedroom Security Features Security Gate Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

    Property Features

    Accessibility Features None Annual Gross Expense 21183.00 Association YN No Central Air YN No Condo YN No Cooling Fuel ElectricNatural Gas Cross Street Johnson Street Electric 100 Amp ServiceCircuit Breakers Electric Expense 360.00 Entry Location Foyer Existing Lease Type YearlyMonth To Month Foundation Details Brick/Mortar Gross Income 35400.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 1800.00 Maintenance Expense 1500.00 Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Operating Expense 14500.00 Operating Expense Includes InsuranceTrash Original MLSNumber 120777229030:TREND Other Expense 3000.00 Owner Pays Common Area MaintenanceGasHeatHeater Maintenance ContractInsuranceLawn/Shrub CareManagementPest ControlSnow RemovalTaxes - Real EstateTrash CollectionWaterSewer Ownership Interest Fee Simple Possession 31-60 Days Cd61-90 Days Cd Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Storage BasementAttic Structure Design Type Detached Tax Annual Amount 4619.0 Tax Assessment Amount 143600.0 Tax Lot 00015 Total Actual Rent 36600.00 Trash Expense 360.00 Utilities Cable Tv Available Vacation Rental YN No Water Sewer Expense 4400.00 Water Source Public Zoning Res

    Listing courtesy of Pino Agency-Pennsville.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-06-26T21:55:32.903.
     
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