163-165 7th Street

Salem, NJ 08079

$139,000
Last Sold Price
Beds
5,000 Sq. Ft.
$28 / Sq. Ft.
5,000
Sq. Ft.
$28
per Sq. Ft.

Description

Great opportunity to own a high cash flow four plex that is actually TWO SEPERATELY DEEDED duplexes BLOCK 27 LOTS 29 AND 30. Combined tax: $4,868.00. Owner will selling as a fourplex, and listing price is for all four units located at 163 and 165 Seventh Street. Newer 40 year guarantee dimensional shingle roof (in service for 12 yrs) All units have W/D hookups. There is a separate covered patio type building in back yard needs repair but could make a nice large gazebo style screened building or finished...Great opportunity to own a high cash flow four plex that is actually TWO SEPERATELY DEEDED duplexes BLOCK 27 LOTS 29 AND 30. Combined tax: $4,868.00. Owner will selling as a fourplex, and listing price is for all four units located at 163 and 165 Seventh Street. Newer 40 year guarantee dimensional shingle roof (in service for 12 yrs) All units have W/D hookups. There is a separate covered patio type building in back yard needs repair but could make a nice large gazebo style screened building or finished off as additional storage ( rental income potential) for tenants residing in the fourplex.
  1. Listed by Harold Henderson Jr. • Century 21 Town & Country Realty - Mickleton
    P: 8564231666 whenderson115705@comcast.net

Property Details for 163-165 7th Street

Tax ID Number
13-00027-00029
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No

Location

Listing Courtesy of Century 21 Town & Country Realty - Mickleton

Sold By RE/MAX Connection-Turnersville

Add your commute
LISTING UPDATED: 05/13/2020 10:34 PM

Property Details for 163-165 7th Street

StatusClosed
MLS #1002358050
Days on Market476
Taxes$4,868 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1935
Lot Size0.17 AC / 7,600 SF
CountySalem County

Location

Listing Courtesy of Century 21 Town & Country Realty - Mickleton

Sold By RE/MAX Connection-Turnersville

Add your commute

Building Information for 163-165 7th Street

Stories-Residences2Year Built1935Building Size-Lot Size0.17 AC / 7,600 SF

Payment Calculator

$1,164 per month

30 year fixed, 7.25% Interest

Principal and Interest

$759

Property Taxes

$406

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 163-165 7th Street

Location
Location
  • School District Name: SALEM CITY SCHOOLS
  • School District County ID: 300200396391
  • High School: SALEM (SALEM NJ)
  • 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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2018
  • Tax Assessed Value: $70,400
  • Year Assessed: 2018
  • Improvement Assessed Value: $60,800
  • Land Assessed Value: $9,600
  • Zoning: RESID
  • Tax Lot: 00029
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Insurance, Repairs, Sewer, Taxes - Real Estate, Water
  • Concessions: Yes
  • Concessions Amount: $4,170
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 2
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
Rooms
Rooms
  • Room List: Primary Bedroom
Financial Information
Expenses
  • Insurance Expense: $1,600
  • Water Sewer Expense: $3,416
  • Annual Heating Expense: $0
  • Electric Expense: $0
  • Annual Gross Expense: $12,597
Financial Information
  • Gross Income: $36,900
  • Annual Rental Income: $37,320
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 40X190
  • Sign On Property: Yes
  • Parcel ID: 2215861
  • Ground Rent Exists: No
  • Ground Rent Years Remaining: 0
Parking
Parking
  • Type Of Parking: On Street, Parking Lot
  • Parking Features: Gravel Driveway, Private, Public, Stone Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Laundry Type: Hookup
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water, Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers

Property History for 163-165 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 163-165 7th Street

Taxable ValueLand$9,600Additions$60,800Total$70,400
Tax Record2022$5,292 ($441 / month)
Home Facts
Beds0Total Finished SqFt3,464 SqFtAbove Grade Finished SqFt3,464 SqFtLot Size7,601 SqFtStyleSingle Family ResidenceYear Built1935CountySALEMAPN13 00027-0000-00029

Schools near 163-165 7th 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.

Similar Homes

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Listing Courtesy of Century 21 Town & Country Realty - Mickleton

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.