196 East Broadway
Description
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.
- Listed by Jennifer Derevlany • Coldwell Banker Excel RealtyP: (856)-466-1388 jderevlany@icloud.com
Property Details for 196 East Broadway
Property Details for 196 East Broadway
| Status | Active |
|---|---|
| MLS # | NJSA2011762 |
| Days on Market | 114 |
| Taxes | $13,741 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1940 |
| Lot Size | 0.11 AC / 4,587 SF |
| County | Salem County |
Building Information for 196 East Broadway
Property Information for 196 East Broadway
- School District Name: SALEM CITY SCHOOLS
- School District County ID: 300200396391
- SchoolDistrictSource: Listing Agent
- County: SALEM
- MLS Area: Salem City (21713)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- 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
- 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 Units Total: 4
- Total Finished SQFT: 8,770.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 8,770.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Lot Size Source: Estimated
- Lot Size Dimensions: 35.00 x 131.00
- Lot Dimensions Source: Estimated
- Parcel ID: 21906070
- Type Of Parking: On Street, Other
- Accessibility Features: 2+ Access Exits
- Pool: No Pool
- Other Structures: Above Grade
- 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
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 196 East Broadway
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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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.