$165,000
●
House -
Off Market
37 CHESTNUT ST
SALEM, NJ 08079
4 Beds
2 Baths,
1
Half Bath
2,300 Ft²
$197,759
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
This charming house is waiting for a new owner! Completely restored
to it's original colonial beauty with high ceilings, plenty of
windows, restored original doors. Updates include: new water
heater, new 2-zone HVAC, new laminate floors on the lower lever and
new carpet upstairs. Freshly painted. New soft closing kitchen
cabinets and countertop. It comes with kitchen appliances and
washer/dryer.
Lots of sunshine, super spacious. A lot of storage space. Huge attic which can be used as a storage or home office as it has windows. Close to highways.
Lots of sunshine, super spacious. A lot of storage space. Huge attic which can be used as a storage or home office as it has windows. Close to highways.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$87
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
-
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Cap Rate
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: 4 years ago (Bright MLS #NJSA2006818)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
| Sep 25, 2023 | Sold | ||
| Sold | |||
| Aug 13, 2023 | In contract | - | |
| In contract | |||
| Jun 19, 2023 | Listed by HomeSmart First Advantage Realty | $299,000 | |
| Listed by HomeSmart First Advantage Realty | |||
| | |||
|
Huge duplex located on a quite street of Salem, NJ. The house has two units. One is a tenant occupied, a family been there for a few years. The unit is not remodeled. Another unit is vacant and can be owner occupied or used as a rental as well. This unit has been recently remodeled. Updates include: new water heater, new 2-zone HVAC, new laminate floors on the lower lever and new carpet upstairs. Freshly painted. New soft closing kitchen cabinets and countertop. It comes with kitchen appliances and washer/dryer.
Important: only one unit is remodeled and comes with described features.
Both units have large attics with plenty of sun light and basements.
Steps to the main street. Close to I-295. The manager has listed the unit size as 5028 square feet.
| |||
| Apr 23, 2023 | Relisted | $199,000 | |
| Relisted | |||
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About Salem
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Listed by: Anastasiia IARMOLENKO
HomeSmart First Advantage Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2006818
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HomeSmart First Advantage Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2006818
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