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196 E Broadway #198, Salem, NJ, 08079

0beds
1baths
8,770sqft
$499,000
$57price/sqft
$4,778/moest. monthly cost
$191,120/yrincome needed

About This Home

Mixed-Use Investment Opportunity 6 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.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

3/10
Salem Middle SchoolGrades 3-80.2 mi
5/10
Salem High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1940

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Finished area above ground: 8,770

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None,Electric

Interior Area

  • Total structure area: 8,770
  • Total interior livable area: 8,770 sqft

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 130002700013
  • Zoning: MIXED
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 4,587 sqft
  • Lot size dimensions: 35.00 x 131.00

Parking

  • Parking features: On Street,Other
  • Has uncovered spaces: Yes