196 E Broadway, Salem, NJ 08079

$599,000
1
BA
8,770
SqFt

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List Price
$599,000
Price Change
▲ $100,000 1781621364
Days on Market
429
Status
ACTIVE
MLS#
NJSA2014196
Bathrooms
1
Full Baths
1
Living Area
8,770
Lot Size (Acres)
0.11
Style
Other
Year Built
1940
County
Salem
School District
Salem City Schools

Property Description

Mixed-Use Investment Opportunity 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.

Additional Information

Area
Salem City (21713)
Subdivision
None Available
Taxes
$13741
School District
Salem City Schools
Heating
Baseboard - Electric
Heating Fuel
Electric
Cooling
None
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty. Contact: 8566855600