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Asking Price - $315,000
Days on Market - 14
225 Gibbon Street
Salem, NJ 08079
Featured Agent
EveryHome Agent
Asking Price
$315,000
Days on Market
14
# of Units
2
3 Bdrm Units
4
Acres
0.12
Interior SqFt
2,380
Age
84
Heating
Oil
Cooling
N/A
Water
Public
Sewer
Public
Garages
0
Taxes (2023)
6,721
Additional Details Below
EveryHome Agent
Views: 3
Featured Agent
EveryHome Realtor
Description
Welcome to 225-231 Gibbon Street, Salem, NJ. This meticulously maintained property presents an exceptional investment opportunity with a smart and strategic approach. Comprising four 3-bedroom, 1-bath townhomes, this income-generating property offers a total of 12 bedrooms and 3 bathrooms across a generous 2380 square feet of living space Nestled on a total lot size of 5118 square feet, the property boasts newer roofs, adding an invaluable layer of functionality . Each unit is currently occupied, with annual leases in place, ensuring a consistent stream of income for the savvy investor. Notably, three of the four of the townhomes have been recently updated, offering a blend of character and modern convenience. The property's impressive annual gross rental net of $56,760 and a remarkable 12% cap rate underscore its potential as a lucrative addition to any investment portfolio. Photos of 229 and 231 are prior to the recent current tenants' occupancy. Conveniently located in a convenient area, this property presents a rare opportunity to acquire a turnkey investment with strong rental history and promising returns. Don't miss the chance to own this income-generating gem in Salem, NJ. Schedule your showing today and seize this astute investment opportunity.
Location
Driving Directions
Off of Hubble St
Listing Details
Summary
Architectural Type
•Traditional
Interior Features
Basement
•Partial, Unfinished, Brick/Mortar, Stone
Exterior Features
Exterior Features
•Vinyl Siding
Utilities
Heating
•Forced Air, Natural Gas, Oil
Property History
May 1, 2024
Price Decrease
$320,000 to $315,000 (-1.56%)
Miscellaneous
Lattitude : 39.574170
Longitude : -75.463250
MLS# : NJSA2010698
Views : 3
Listing Courtesy: Jennifer Rothenberger of Compass New Jersey, LLC - Moorestown
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Notes
Page: © 2024 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Presentation: © 2024 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the New Jersey Real Estate Commission - License 0901599
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
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