196 E Broadway 198 Salem, NJ 08079
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Excel Realty / Jennifer Derevlany

  196 E Broadway 198 Salem, NJ 08079

Active (80 Days)
$600,000

Description

Mixed-Use Investment Opportunity6 residential units 2 commercial**MOTIVATED SELLER **.196-198 E. Broadway, Salem, New Jersey*Six spacious residential apartments ( Rents below market)*Two large commercial stores on the ground floorWelcome 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.

MLS #:
NJSA2011762
Taxes
$13,741(2023)
Lot Size
4,587 SQFT
Type
Multifamily
Year Built
1940
Style
Other
School District
Salem City Schools
County
Salem County

Listed By

Jennifer Derevlany, Coldwell Banker Excel Realty
Source
BRIGHT IDX
Last checked Oct 18 2024 at 3:04 AM EDT
Bathroom Details
Property Features
  • Above Grade
Heating and Cooling
  • Baseboard - Electric
  • None
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electric
Living Area
  • 8,770 sqft
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/17/24 20:04