Address
82 W Broadway, Salem, NJ
Price
$ 749,000
Property Attributes
- MLS#NJSA2010612
- TypeCommercial
- CountySALEM
- CitySalem
- AreaSalem City
- Zip08079
- StyleApartment Building
- Year Built1927
- Taxes$ 12970
- Price$ 749,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.65 Acres
Data Source:
Bright MLS
Property Description
Great investment opportunity. Total of 6 apartments. 1 one bedroom unit, 1 two bedroom unit, 3 three bedroom units and 1 four bedroom unit. Each with 1 full bath. Potential rents from $1,175 to $1,600. 2 units currently rented for $1,125 and $1,375. 1 unit will be vacant at the end of April and 3 units are currently vacant. 4 units have been recently renovated.
| Price History | |
|---|---|
| 4/8/2024 | Listed $925,000 |
| 4/27/2024 | 20% - $749,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator |
| Cooling | None |
| Possession | Settlement,Subject to Existing Lease |
| Zoning | APART |
| Construction Materials | Brick |
| Exclusions | Tenants personal property |
| Year Built | 1927 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Gross Income | 9700.00 |
| OwnerPays | Common Area Maintenance,Gas,Heat,Insurance,Lawn/Shrub Care,Sewer,Water |
| Business Type | Apartment Building |
| Accessibility | None |
| County | SALEM |
| Net Operating Income | 64484.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Corner of 3rd St and Broadway |
| ModificationTimestamp | 2024-04-27T13:19:53 |
| City | SALEM |
| Buyer Agent Compensation | 3 |
| MLS Area | Salem City (21713) |
| Lot Size Square Feet | 28501.00 |
| Tax Assessed Value | 165000.0 |
| Waterfront Y/N | No |
| Street Name | BROADWAY |
| Tax Annual Amount | 12970.0 |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 23 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 00026 |
| Total Actual Rent | 99300.00 |
| Cap Rate | 7.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 12 |
| Type of Parking | Driveway,Parking Lot |
| Water View Y/N | No |
| Building Area Total | 0.00 |
| Lot Dimensions | 125.00 x 228.00 |
| Lot Size Acres | 0.65 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Door Features | Atrium |
| Land Assessed Value | 45000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 12 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08079
Price
Taxes
Visits
Year Built
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