$52,500
●
House -
Off Market
85 CHESTNUT ST
SALEM, NJ 08079
Studio
0 Bath
1,152 Ft²
$271
Est. Monthly
About This Property
There are multiple offers already asking for highest and best by
Saturday 2/10/24 at 12PM. Any Offer received after 12PM will be for
backup purposes only. More Photos Coming Soon! This property is an
investor special awaiting your magic touch to fix and flip or fix
and rent. Discover the potential in this half of a twin home,
boasting 3 bedrooms, 1 bathroom, a spacious eat-in kitchen, and a
cozy living room. Embrace the opportunity to customize and
transform this space into a lucrative investment. Please note,
cameras will not be included in the sale. Don't miss out – seize
this chance to turn a diamond in the rough into a shining gem!
Property is sold in strictly as is condition all inspections will
be for buyers information only. Buyer will be responsible for the
certificate of occupancy. Drive way is shared with 83 Chestnut,
drive back and 85 parking is to the left and 83 Chestnut is to the
right looking in from the street.
Unit Size
1,152 Ft²
Days on Market
85 days
Land Size
0.05 acres
Price per sqft
$48
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1925
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (Bright MLS #NJSA2009960)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2024 | Sold | ||
| Sold | |||
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Feb 5, 2024 | Listed by Exit Homestead Realty Professi | $55,000 | |
| Listed by Exit Homestead Realty Professi | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Salem
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Richard Clarke
Exit Homestead Realty Professi
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJSA2009960
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Exit Homestead Realty Professi
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJSA2009960
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017