Address: |
view address Salem, NJ 08079 Map Location |
Features: | Forced Air |
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Bedrooms: | 4 | Square Feet: | 2,380 sq.ft. |
Lot Size: | 0.12 acres | Year Built: | 1940 |
Styles: | Traditional | Property Type: | Quadruplex |
School District: | Salem City Schools | County: | SALEM |
List Date: | 2024-04-18 | Listing Number: | NJSA2010698 |
Listed By: | Compass New Jersey, LLC - Moorestown | Listing Office: | [email protected]; (856) 214-2639 |
Welcome to 225-231 Gibbon Street, Salem, NJ. This meticulously maintained property presents an exceptional investment opportunity with a smart and strategic approach. Comprising four 3-bedroom, 1-bath townhomes, this income-generating property offers a total of 12 bedrooms and 3 bathrooms across a generous 2380 square feet of living space.Nestled on a total lot size of 5118 square feet, the property boasts newer roofs, adding an invaluable layer of functionality . Each unit is currently occupied, with annual leases in place, ensuring a consistent stream of income for the savvy investor.Notably, three of the four of the townhomes have been recently updated, offering a blend of character and modern convenience. The property's impressive annual gross rental net of $56,760 and a remarkable 12% cap rate underscore its potential as a lucrative addition to any investment portfolio. Photos of 229 and 231 are prior to the recent current tenants' occupancy. Conveniently located in a convenient area, this property presents a rare opportunity to acquire a turnkey investment with strong rental history and promising returns. Don't miss the chance to own this income-generating gem in Salem, NJ. Schedule your showing today and seize this astute investment opportunity.
Electric Water Heater: | Yes | Forced Air: | Yes |
Natural Gas Heat: | Yes | Oil Heat: | Yes |
Building Design: | Twin/Semi-Detached | Living Square Feet: | 2,380.00 |
On Street Parking: | Yes | Style: | Traditional |
Vinyl Siding: | Yes |
Lot Acres: | 0.12 | Lot Dimension: | 64.00 x 80.00 |
Lot Sqft: | 5,118.00 | Public Sewer: | Yes |
Public Water: | Yes | School District: | Salem City Schools |
Taxes: | 6,721.00 | Transaction Type: | Sale |
Year Built: | 1940 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.