Investor Opportunity in the heart of Salem! This tenant-occupied property offers immediate cash flow with a Section 8 tenant in place and a recently renewed lease, making it an excellent opportunity for both seasoned and first-time investors alike. Built in 1900, the home features spacious living areas, generously sized bedrooms, and plenty of original character throughout.
Recent improvements include a newer roof (2021) and water heater (2022), helping minimize major upfront expenses for the next owner. The property also offers public water and sewer, a basement for additional storage potential, and a private backyard space. Conveniently located near local shopping, dining, schools, and major roadways.
Whether you’re looking to expand your rental portfolio, secure reliable long-term income, or explore future value-add potential, this property offers multiple investment angles. Strong opportunity to renovate and increase future resale value or refinance once vacant. A solid addition to any investment portfolio with built-in income already in place!
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Listing Snapshot
Price
$79,999
Days On Site
139 Days
Bedrooms
3
Inside Area (SqFt)
1,684 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.24 Acres
Year Built
1900
MLS® Number
NJSA2019002
Status
Pending
Property Tax
$3,244
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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