$179,000
●
Multifamily -
For Sale
91 7TH ST
SALEM, NJ 08079
Studio
0 Bath
$879
Estimated Monthly
$0
HOA / Fees
About This Property
🏡 **Investment Opportunity in Salem, NJ!**
Welcome to your new investment property or potential home! Explore this beautifully renovated 2nd-floor unit, featuring brand new windows installed in March 2024. This spacious unit offers 2 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The current tenant just moved in, and the lease expires in February 2025. Additionally, the unit comes with a current lead certificate and CO.
Unit A on the first floor is another 2-bedroom, 1-bathroom unit, currently occupied by a month-to-month tenant at $850.00 per month. With market rents in the range of $1400-$1500, there's potential for increased rental income.
This property presents an excellent opportunity to add to your rental portfolio or live in the downstairs unit while the 2nd unit helps cover the mortgage. Don't miss out on this chance to generate passive income or enjoy the benefits of multi-family living. Schedule your viewing today and seize this lucrative investment opportunity! 🌟 There are no pictures of the 1st floor as it is tenant occupied
Welcome to your new investment property or potential home! Explore this beautifully renovated 2nd-floor unit, featuring brand new windows installed in March 2024. This spacious unit offers 2 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The current tenant just moved in, and the lease expires in February 2025. Additionally, the unit comes with a current lead certificate and CO.
Unit A on the first floor is another 2-bedroom, 1-bathroom unit, currently occupied by a month-to-month tenant at $850.00 per month. With market rents in the range of $1400-$1500, there's potential for increased rental income.
This property presents an excellent opportunity to add to your rental portfolio or live in the downstairs unit while the 2nd unit helps cover the mortgage. Don't miss out on this chance to generate passive income or enjoy the benefits of multi-family living. Schedule your viewing today and seize this lucrative investment opportunity! 🌟 There are no pictures of the 1st floor as it is tenant occupied
Unit Size
-
Days on Market
12 days
Land Size
0.16 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$287
HOA Dues
-
Year Built
1900
Listed By
Last updated: 12 days ago (Bright MLS #NJSA2010798)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 26, 2024 | Listed by Exit Homestead Realty Professi | $179,000 | |
| Listed by Exit Homestead Realty Professi | |||
| Jul 5, 2016 | Sold to Eugene Zieger, Theresa Zieger | $785,000 | |
| Sold to Eugene Zieger, Theresa Zieger | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street, Driveway
Total Garage and Parking Spaces: 4
Interior Details
Interior Information
Appliances: Oven/Range - Electric, Refrigerator
Flooring Type: Hardwood, Ceramic Tile, Laminate Plank
Living Area Square Feet Source: Estimated
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Estimated
Building Information
Foundation Details: Brick/Mortar
Other Structures: Above Grade, Below Grade
Roof: Architectural Shingle
Structure Type: Detached
Window Features: Replacement
Construction Materials: Frame
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 50.00 x 137.00
Lot Size Source: Estimated
Land Information
Land Assessed Value: $33,700
Financial Details
Tax Assessed Value: $33,700
Tax Year: 2023
Tax Annual Amount: $3,443
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard - Hot Water
Cooling Fuel: Electric
Heating Fuel: Oil
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
91 7TH ST
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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
Sold
House
4
Beds
3
Baths
2,344 ft²
$85/ft²
$200,000
Feb 15, 2023
$200,000
Mar 28, 2023
-
Sold
House
3
Beds
2
Baths
2,456 ft²
$77/ft²
$190,000
Jan 2, 2024
$190,000
Mar 28, 2024
-
Sold
House
6
Beds
3
Baths
3,431 ft²
$54/ft²
$184,000
Jan 20, 2011
$184,000
Nov 20, 2012
-
Sold
House
3
Beds
2
Baths
1,303 ft²
$119/ft²
$154,500
Oct 17, 2023
$154,500
Feb 1, 2024
-
Sold
House
3
Beds
2
Baths
3,542 ft²
$59/ft²
$209,000
Aug 20, 2022
$209,000
Mar 31, 2023
-
Sold
House
3
Beds
1
Bath
1,284 ft²
$140/ft²
$180,000
Jan 29, 2024
$180,000
Mar 26, 2024
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About Salem
Similar Homes for Sale
Nearby Rentals
Listed by: Richard Clarke
Exit Homestead Realty Professi
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# NJSA2010798
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 2024 Bright MLS, Inc.
Exit Homestead Realty Professi
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# NJSA2010798
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
