UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,770 sqft
Price per Sqft $68
Subdivision None Available
MLS Listing ID NJSA2014196
Style Other
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 8,770
Year Built 1940
Annual Tax Amount $13,741
Tax Year 2023
Lot Size 4,587 Sqft
Acres 0.11
Lot Dimensions 35.00 x 131.00
Source BRIGHT
Property Description
6 residential units 2 commercial
**MOTIVATED SELLER **.
MUST HAVE MIXED USE PRE APPROVAL WITH OFFER
196-198 E. Broadway, Salem, New Jersey
*Six spacious residential apartments ( Rents below market)
*Two large commercial stores on the ground floor
Welcome to 196-198 E. Broadway, Salem, New Jersey – a prime investment opportunity!
This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential.
The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners.
This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market.
Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.
Location
State NJ
County Salem
Area Salem City (21713)
Zoning MIXED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Story 2
Above Ground Finished SqFt 8770
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Salem City Schools
Others
Senior Community No
Tax ID 13-00027-00013
Ownership Fee Simple
SqFt Source 8770
Special Listing Condition Standard
"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "
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