196 E Broadway 198Salem, NJ 08079

Description

Mixed-Use Investment Opportunity 5 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.

Property Information

Property type

Residential

Style

Other

Year built

1940

Living area

8,770 Sq Ft

Lot size

0.11 acres

Lot dimensions

35.00 x 131.00

Zoning

MIXED

Days on market

492

MLS^® Listing#

NJSA2014196

Property Features

Appliances

Electric Water Heater

Cooling

None · Electric

Heating

Electric · Baseboard

Pool

None

Parking

On Street · Other

Construction

Brick

Sewer

Public Sewer

Water source

Public

Schools

District

SALEM CITY SCHOOLS

Financial Details

HOA

None

Annual taxes

$13,741Tax year 2023

Assessed value

$174,800

Parcel number

13-00027-00013

Directions

196 e broadway salem nj