Photo of 6 Salem Avenue, Newfield NJ
     
6 Salem Avenue
Newfield, NJ 08344
Newfield Borough
Buena Regional
Gloucester County
Asking Price$315,000
# of Units2
2 Bdrm Units2
Acres0.19
Interior SqFt1,440
Age122
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPrivate
Garages2
Taxes (2025)5,154

Description
TURNKEY CASHFLOWING DUPLEX in NEWFIELD! This well-kept Buena Regional School District duplex has 2 bedrooms, 1 bathroom downstairs and 2 bedrooms, 1 bathroom upstairs. The total current rent roll is $2,956.00 per month, which comes to $35,472.00 annually, making this a very strong investment with great rental history. The tenants both also pay $25 per month each in additional rent (not included in the rent roll) to cover the water bill. The tenants both keep their units clean and tidy, and one unit is on an annual lease that runs through the end of the calendar year, while the other is month-to-month. Both units have their own electric and gas meters for easy utility management. The landlord is responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. Moreover, the property also includes a detached garage that can be rented separately for even more income. If you've been looking for a strong and stable multi-family property in a phenomenal location to start, add to, or diversify your investment portfolio, this is a strong option. Don’t miss this one!

Room Sizes

Location


Details
Architectural Type - Traditional
Garage(s) - Garage - Front Entry
Basement - Full, Unfinished, Block
Exterior Features - Frame
Cooling - Central A/C, Electric
Heating - Forced Air, Natural Gas
Hot Water - Natural Gas
Sewer - On Site Septic
Water - Public

Notes
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Assessment : 0
Latitude : 39.546516
Longitude : -75.025818
EveryHome Number : JGL207-60612
Listing Courtesy DePalma Realty
Zoning Designation C