Mixed-Use Investment Opportunity
5 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.
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Listing Snapshot
Price
$499,000
Days On Site
564 Days
Bedrooms
N/A
Inside Area (SqFt)
8,770 sqft
Total Baths
1
Full Baths
1
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
1940
MLS® Number
NJSA2014196
Status
Active
Property Tax
$13,741
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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