CALLING INVESTORS OPEN HOUSE SAT. 2/8 12-1pm ONLY!! 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,… Read More 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! Read Less
Courtesy of Delicia Sample, Weichert Realtors-Haddonfield [email protected]
Listing Snapshot
Days Online
164
Last Updated
Property Type
Single Family Residential
Beds
5
Full Baths
2
Square Ft.
2,348
Lot Size
0.17 Acres
Year Built
1890
MLS Number
NJSA2012030
30 Days Snapshot Of 08079
$239k
-7%
(avg) sold price
12
+9%
homes sold
42
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Refrigerator, Washer
Basement
Full
Building
2,348 sqft living area, 2,348 sqft above grade (finished), Built in 1890, Structure Type: Detached, 2 levels, Colonial, Frame
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.