225-231 Gibbon Street
225-231 Gibbon Street
$299,000
12
3
2,380
2,380
$126
Listed By Compass
Description
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.
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,...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.
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.
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.
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.
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,...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.
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.
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.
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.
Property Details for 225-231 Gibbon Street
Tax ID Number
13-00018-00022
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleTraditional
WaterfrontNo
GarageNo
Expected On Market Date04-18-2024
MunicipalitySALEM CITY
Location
LISTING UPDATED: 06/06/2024 11:23 AM
Property Details for 225-231 Gibbon Street
Status | Active |
---|---|
MLS # | NJSA2010698 |
Days on Market | 56 |
Taxes | $6,721 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1940 |
Lot Size | 0.12 AC / 5,118 SF |
County | Salem County |
Location
Building Information for 225-231 Gibbon Street
Stories-Residences2Year Built1940Building Size-Lot Size0.12 AC / 5,118 SF
Payment Calculator
$2,192 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 225-231 Gibbon Street
Property History for 225-231 Gibbon Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 225-231 Gibbon Street
This home is within Salem City Board Of Education School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
John Fenwick Elementary School PublicPK to 2 | ||
Salem Middle School Public3 to 8 | ||
Salem High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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