tomo logo

$85,000

Beds
5
Baths
2.0
sq ft
2,348

349 E Broadway, Salem, NJ 08079

349 E Broadway

SALEM, NJ 08079

  • 92 days on market
CALLING INVESTORS!! 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!

Details

Property type

Single Family Residence

Lot size

7,524 sq ft

Price per sq ft

$37

Year built

1890

Annual property taxes

$3,980

HOA

No

Price History

08/24/2024
Bright

Bright #NJSA2012030

Listed
$85,000
+209.09%
06/12/2020
Bright

Bright #NJSA137888

Sold
$27,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

School district: 

SALEM CITY SCHOOLS

Status: Active

Tomo last checked: 11/24/2024 at 6:20 PM

Listing updated: 11/01/2024 at 9:34 AM

Listed by: Delicia Sample, Weichert Realtors-Haddonfield Phone #: (856) 394-5700

MLS: Bright #NJSA2012030

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