38 WATERWORKS RD
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| May 25, 2023 | In contract | - | |
| In contract | |||
| Feb 23, 2023 | Listed by BHHS Fox & Roach-Marlton | $170,000 | |
| Listed by BHHS Fox & Roach-Marlton | |||
| Nov 28, 2022 | Sold | ||
| Sold | |||
| Jul 29, 2022 | Listed by BHHS Fox & Roach-Mt Laurel | $43,765 | |
| Listed by BHHS Fox & Roach-Mt Laurel | |||
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Welcome to 38 Waterworks Road in Salem, NJ! This property offers a great opportunity for a new owner. The 1.1acres of land are ready for a new home. The current home will need a full tear down but the end result will be well worth it. The current house is situated on a 100' x 478' lot. Are you ready to build your new home? Imagine the possibilities and this might just be the perfect spot for you! The property is being sold in strictly AS IS condition, including the well and septic.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017