- /
$65,000
$85,000
23.5%For more information regarding the value of a property, please contact us for a free consultation.
349 E BROADWAY Salem, NJ 08079
5 Beds
2 Baths
2,348 SqFt
Key Details
Sold Price $65,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,348 sqft
Price per Sqft $27
Subdivision None Available
MLS Listing ID NJSA2012030
Sold Date 03/05/25
Style Colonial
Bedrooms 5
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,348
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $3,980
Tax Year 2019
Lot Size 7,524 Sqft
Acres 0.17
Property Sub-Type Detached
Property Description
UNDER CONTRACT. OPEN HOUSE CANCELED. Welcome to 349 East Broadway, a spacious 2-story single-family home nestled in the heart of Salem, NJ. This property is a golden opportunity for savvy investors seeking both immediate rental income and long-term growth potential. With 5 bedrooms and 2 full bathrooms, this versatile home is perfect for a multi-family setup or a spacious single-family residence.
On the first floor, you'll find 3 large bedrooms, a full bathroom, and expansive living and dining areas complete with a wood-burning fireplace. The fully equipped kitchen makes this floor ideal for family living or rental income generation.
The second floor features 2 generous bedrooms, a full bathroom, and a space that was formerly a kitchen and dining area, offering potential for additional living quarters or other creative uses. This floor also features a screened-in porch overlooking the backyard.
The property boasts a sizable fenced-in yard, providing privacy and ample outdoor space. Additionally, a bonus subdivided lot (Block 00069 Lot 00051) is included, offering exciting possibilities for future development or expansion.
Currently tenant-occupied, this property is generating $1,100 per month through a HUD-supported month-to-month lease, with the potential for increased rental income. The flexibility of the lease offers both stability and opportunity, making this an attractive investment for those looking to maximize returns.
Don't miss out on this unique opportunity to invest in a property with substantial income potential and future growth. Contact us today to schedule a tour and take the first step toward expanding your real estate portfolio!
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RES
Rooms
Other Rooms Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Bedroom 1, Bathroom 1, Bathroom 2, Screened Porch
Basement Full
Main Level Bedrooms 3
Interior
Interior Features Ceiling Fan(s)
Hot Water Oil
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Flooring Carpet, Hardwood
Fireplaces Number 1
Fireplaces Type Brick, Wood
Equipment Dishwasher, Dryer, Refrigerator, Washer
Fireplace Y
Appliance Dishwasher, Dryer, Refrigerator, Washer
Heat Source Oil
Laundry Main Floor
Exterior
Fence Fully
Utilities Available Natural Gas Available, Above Ground
Water Access N
Roof Type Shingle
Accessibility None
Garage N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Salem City Schools
Others
Senior Community No
Tax ID 13-00069-00002
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Carlo Drogo Sr. • EXP Realty, LLC