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Sold for $205,000
  • $205,000

    312 E Broadway, Salem, NJ 08079

    6beds
    --baths
    4,362sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $343,000 Zestimate®
    $47/sqft
    $1,522 Estimated rent

    Home value

    $343,000

    $220,000 - $535,000

    $1,522/mo

    Zestimate® history
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    $1,522/mo

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    $1,568/mo

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    What's special

    Separate electric meters
    MAJOR PRICE REDUCTION IN SALEM, NJ! *** Hey there, are you ready to milk some profits in Salem County? I've got just the thing for you - a cash-cow opportunity that you won't want to miss! Are you on the lookout for a prime investment opportunity in Salem County? Well, what are you waiting for? Grab your overalls and let's get to work! Look no further than this exceptional 6-unit property, which promises to be your next cash cow! This property features six residential apartments, with three units currently rented on a month-to-month basis, and the other three recently vacated and ready for renovation to stabilize the rent in the building. Each unit boasts separate electric meters and utilities with electric baseboard heating. The property comprises of SIX 1-bedroom units, offering versatility and variety. You can easily tour the vacant Units 3, 4, and 6 with your Realtor. The occupied Units: Unit-1 ($650/mo), Unit-2 ($600/mo), and Unit-5 ($745/mo) - are long-term month-to-month tenants and current on rent, but may not grant access. Two of the vacant units are ready for a clean slate, while renovations have already commenced in the third vacant unit. Take advantage of this golden opportunity, bring your vision to life, stabilize the rents, and embark on your next BRRR journey. Contact us for more details! <<<Broker and Seller assume no responsibility and make no guarantees, warranties or representations, both expressed or implied, as to the availability or accuracy of the property information, room counts, dimensions or other information depicted or described herein. Buyer is responsible for completing their own due diligence and verifying all information necessary.>>>

    Zillow last checked:

    Listing updated:

    Listed by:

    Carlo Drogo SR. 856-692-4368,

    EXP Realty, LLC,

    Listing Team: The Expert Sales Team, Co-Listing Team: The Expert Sales Team,Co-Listing Agent: Timothy J Kaganzev 856-503-8668,

    EXP Realty, LLC

    Bought with:

    Carlo Drogo SR.

    EXP Realty, LLC

    Tim Kaganzev, 2185666

    EXP Realty, LLC

    Source: Bright MLS,MLS#: NJSA2007544MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 4,362
    • Total interior livable area: 4,362 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway
    • Uncovered spaces: 6
    Accessibility
    • Accessibility features: None
    Features
    • Patio & porch: Porch
    • Pool features: None
    Lot
    • Size: 5,602 sqft
    • Dimensions: 80.00 x 70.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 130003800007
    • Zoning: R-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Frame
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Salem
    • Municipality: SALEM CITY

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Private Financing Available
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/19/2024Sold$205,000-25.5%$47/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    3/10/2024Pending sale$275,000$63/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    12/26/2023Price change$275,000-16.7%$63/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    11/10/2023Pending sale$330,000$76/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    9/28/2023Price change$330,000+10%$76/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    9/23/2023Listed for sale$300,000$69/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    6/6/2023Pending sale$300,000$69/sqft
    Source: Bright MLS #NJSA2007544 Report a problem
    5/7/2023Listed for sale$300,000$69/sqft
    Source: Bright MLS #NJSA2007544 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 08079

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Salem City Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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