Property Attributes
- MLS#NJSA2010032
- TypeCommercial
- CountySALEM
- CitySalem
- AreaQuinton Twp
- Zip08079
- StyleApartment Building
- Year Built1900
- Taxes$ 16268
- Price$ 1,800,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13896
- Lot Size0.76 Acres
Data Source:
Bright MLS
Property Description
Quinton Twp multifamily, the mailing address is Salem however this is not Salem City. 6 Duplexes on one block and lot. 8 three bedroom one bath and 4 two bedroom one bath. Laundry in all units. All units have a finished attic and full unfinished basement for storage. New architectural shingles on all the buildings. New Siding on 5 of the buildings. Public water and Public Sewer. Electric water heaters in all units. Every unit has separate above ground oil tanks, tenant is responsible to fill for heat. There are plenty of opportunities for an increase in rents. 2024 Pro-forma gross income of $186, 720.
Price History | |
---|---|
3/12/2024 | Listed $1,800,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Baseboard - Hot Water |
Cooling | Window Unit(s) |
Possession | 0-30 Days CD,120-180 Days,31-60 Days CD,61-90 Days CD,90-120 Days CD,Immediate |
Roof | Architectural Shingle |
Zoning | APT |
Construction Materials | Frame |
Year Built | 1900 |
Property SubType | Five Or More Units |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
OwnerPays | Taxes - Real Estate |
Business Type | Apartment Building |
Accessibility | 2+ Access Exits |
County | SALEM |
Net Operating Income | 129747.00 |
Operating Expense | 31368.00 |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Status | ACTIVE |
Directions | Left at light on main onto Quinton Alloway |
ModificationTimestamp | 2024-03-30T01:39:14 |
City | SALEM |
Buyer Agent Compensation | 2.5 |
MLS Area | Quinton Twp (21712) |
Lot Size Square Feet | 33106.00 |
Tax Assessed Value | 461400.0 |
Waterfront Y/N | No |
Street Name | QUINTON ALLOWAY |
Tax Annual Amount | 16268.0 |
Price Per Sq Ft | 150.0 |
Vacation Rental Y/N | No |
Days on Market | 50 |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 00001 |
Cap Rate | 7.21 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Oil |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Street Suffix | ROAD |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 20 |
Type of Parking | Parking Lot,Driveway |
Water View Y/N | No |
Building Area Total | 12000.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 0.76 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 43400.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 20 |
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