225-231 Gibbon Street
Salem,
NJ
08079
Property Details
List Price: |
$299,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
2380 |
Agency: |
Compass |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1940 |
Notes: |
Welcome to 225-231 Gibbon Street, Salem, NJ. This meticulously maintained property presents an exceptional investment opportunity with a smart and strategic approach. Comprising four 3-bedroom, 1-bath townhomes, this income-generating property offers a total of 12 bedrooms and 3 bathrooms across a generous 2380 square feet of living space.<br />
<br />
Nestled on a total lot size of 5118 square feet, the property boasts newer roofs, adding an invaluable layer of functionality . Each unit is currently occupied, with annual leases in place, ensuring a consistent stream of income for the savvy investor.<br />
<br />
Notably, three of the four of the townhomes have been recently updated, offering a blend of character and modern convenience. The property's impressive annual gross rental net of $56,760 and a remarkable 12.74% cap rate underscore its potential as a lucrative addition to any investment portfolio. Photos of 229 and 231 are prior to the recent current tenants' occupancy. <br />
<br />
Conveniently located in a convenient area, this property presents a rare opportunity to acquire a turnkey investment with strong rental history and promising returns. Don't miss the chance to own this income-generating gem in Salem, NJ. Schedule your showing today and seize this astute investment opportunity. |
MlsNumber: |
NJSA2010698 |
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Listing Provided By: |
Compass, original listing |
Name: |
Compass |
Office Name: |
Compass New Jersey, LLC - Moorestown |
Office Phone: |
(856) 214-2639 |
Agent Name: |
Jennifer Rothenberger |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |