161 W BROADWAY
Salem, NJ 08079
- 1,302 Lot Size
- 1920 Year Built
Welcome to an exceptional investment opportunity in the heart of Salem City!
The ground floor is home to a successful and well-established restaurant. Fully equipped and recently updated, it provides an immediate and consistent source of income. Upstairs, discover a thoughtfully designed one-bedroom apartment. Updated and currently rented out, it offers a comfortable and attractive living space. Both units are updated and already leased, ensuring a positive cash flow from day one. This turnkey property is an ideal investment for those seeking immediate return.
GALLERY
PROPERTY DETAIL
Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJSA2009580
Sold Date 01/11/24
Style Other
Year Built 1920
Annual Tax Amount $5,472
Tax Year 2022
Lot Size 1,302 Sqft
Acres 0.03
Lot Dimensions 14.00 x 93.00
Property Sub-Type Other
Source BRIGHT
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RETAIL COMMERCIAL
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Schools
School District Salem City Schools
Others
Tax ID 13-00057-00013
Ownership Fee Simple
Special Listing Condition Standard
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