$77,000
●
House -
Off Market
20 VAN METER TER
SALEM, NJ 08079
3 Beds
2 Baths
2,091 Ft²
$344
Est. Monthly
About This Property
Who's up for a transformational challenge? Tucked away on Van Meter
is this 3 bed, 2 bath traditional Cape Cod style home in need of a
major renovation. This AS-IS, CASH only opportunity is situated on
one of the prettiest streets in Salem! Just over 2,000 sq ft of
living space, 9 ft ceilings, enclosed front porch, formal living
and dining rooms, family room, kitchen, 2 bedrooms and full bath on
the main floor. Upstairs offers 2nd floor bathroom and 3rd large
bedroom with walk in attic that could be converted into additional
living space. Full basement, oil heat (tank located in the
basement), public water/sewer, upgraded electric, fenced in rear
yard backs up to the elementary school.
Unit Size
2,091 Ft²
Days on Market
-
Land Size
-
Price per sqft
$33
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1930
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #NJSA2009734)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 9, 2024 | Sold | ||
| Sold | |||
| Jan 14, 2024 | In contract | - | |
| In contract | |||
| Jan 8, 2024 | Listed by BHHS Fox & Roach-Mullica Hill South | $70,000 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
| Mar 2, 2018 | Sold | ||
| Sold | |||
| Feb 19, 2018 | Listed by American Dream Realty of South Jersey-Logan Twp | $24,900 | |
| Listed by American Dream Realty of South Jersey-Logan Twp | |||
| | |||
|
2 story single family detached home. Corner property. Lots of old world charm inside. Home has older built ins through out the lower level. The home is in need of some tlc through out. This is good place to bring your hammer and some imagination. Bring this home back to its original appearance.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Salem
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Listed by: Nancy Casey
BHHS Fox & Roach-Mullica Hill South
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2009734
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BHHS Fox & Roach-Mullica Hill South
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2009734
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