196 East Broadway

Salem, NJ 08079

$600,000
Price
Beds
8,770 Sq. Ft.
$68 / Sq. Ft.
8,770
Sq. Ft.
$68
per Sq. Ft.

Description

Mixed-Use Investment Opportunity
6 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 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,
...Mixed-Use Investment Opportunity
6 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 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.
  1. Listed by Jennifer Derevlany • Coldwell Banker Excel Realty
    P: (856)-466-1388 jderevlany@icloud.com

Property Details for 196 East Broadway

Tax ID Number
13-00027-00013
Ownership
Fee Simple
Structure Type
Over Storefront
Style
Other
Waterfront
No
Garage
No
Municipality
SALEM CITY
Central Air
No
LISTING UPDATED: 09/24/2024 12:08 AM

Property Details for 196 East Broadway

StatusActive
MLS #NJSA2011762
Days on Market103
Taxes$13,741 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1940
Lot Size0.11 AC / 4,587 SF
CountySalem County

Building Information for 196 East Broadway

Stories-Residences4Year Built1940Building Size-Lot Size0.11 AC / 4,587 SF

Property Information for 196 East Broadway

Location
Location
  • School District Name: SALEM CITY SCHOOLS
  • School District County ID: 300200396391
  • SchoolDistrictSource: Listing Agent
  • County: SALEM
  • MLS Area: Salem City (21713)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $174,800
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $153,800
  • City Town Tax: $0
  • Land Assessed Value: $21,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: MIXED
  • Tax Lot: 00013
  • School Tax: $0
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 6
  • Three Bedroom Units Count: 0
  • Units Leased Count: 6
  • Rent Control: No
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 8,770.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 35.00 x 131.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 21906070
Parking
Parking
  • Type Of Parking: On Street, Other
Interior Features
Interior Features
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 196 East Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 196 East Broadway

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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196 East Broadway is a multi-family home for sale in Salem, NJ 08079. This property was listed for sale on July 31, 2024 by Coldwell Banker Excel Realty, it's currently listed at $600,000. This listing's school district is Salem City Board Of Education School District. Nearby schools include John Fenwick Elementary School, Salem Middle School and Salem High School. 196 East Broadway is a 0-bed, 0-bath, 8,770 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Excel Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.