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Listed by Eric Martorano • Hedenberg Real Estate Company LLC
$ 550,000
Est. payment /mo
New
115 W BROADWAY Salem, NJ 08079
9,239 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJSA2018704
Year Built 1960
Annual Tax Amount $17,920
Tax Year 2025
Lot Size 9,239 Sqft
Acres 0.21
Lot Dimensions 56.00 x 165.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
8 unit apartment building situated in downtown Salem City. Situated on W Broadway, next to the historic Salem Oak Diner. Building is comprised of (5) large one bedroom one bath apartments. The remaining 3 units are studios. Seven of the eight units are occupied. Annual Gross Income: $74, 640 Owner pays: taxes, insurance, lawn care, trash removal, heat, hot water, & water sewer along with studio electric. Tenant's of the one bedrooms pay their own electric.
Location
State NJ
County Salem
Area Salem City (21713)
Zoning APT
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Water Access N
Accessibility None
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00059-00007
Ownership Fee Simple
Special Listing Condition Standard
