91 7th Street

Salem, NJ 08079

$179,000
Price
4
Beds
2
Baths
1,809 Sq. Ft.
$99 / Sq. Ft.
1,809
Sq. Ft.
$99
per Sq. Ft.

Description

🏡 Investment Opportunity in Salem, NJ! Welcome to your new investment property or potential home! Explore this beautifully renovated 2nd-floor unit, featuring brand new windows installed in March 2024. This spacious unit offers 2 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The current tenant just moved in, and the lease expires in February 2025. Additionally, the unit comes with a current lead certificate and CO. Unit A on the first floor is another 2-bedroom, 1-bathroom...🏡 Investment Opportunity in Salem, NJ! Welcome to your new investment property or potential home! Explore this beautifully renovated 2nd-floor unit, featuring brand new windows installed in March 2024. This spacious unit offers 2 bedrooms, 1 bathroom, and is currently rented at $1,100.00 per month. The current tenant just moved in, and the lease expires in February 2025. Additionally, the unit comes with a current lead certificate and CO. Unit A on the first floor is another 2-bedroom, 1-bathroom unit, currently occupied by a month-to-month tenant at $850.00 per month. With market rents in the range of $1400-$1500, there's potential for increased rental income. This property presents an excellent opportunity to add to your rental portfolio or live in the downstairs unit while the 2nd unit helps cover the mortgage. Don't miss out on this chance to generate passive income or enjoy the benefits of multi-family living. Schedule your viewing today and seize this lucrative investment opportunity! 🌟 There are no pictures of the 1st floor as it is tenant occupied
  1. Listed by Richard Clarke • Exit Homestead Realty Professionals
    P: 8564699200 richard@exithomepros.com

Property Details for 91 7th Street

Tax ID Number
13-00017-00017
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Cross Street
Pledger
Municipality
SALEM CITY

Location

Listing Courtesy of Exit Homestead Realty Professionals
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LISTING UPDATED: 04/27/2024 05:24 PM

Property Details for 91 7th Street

StatusActive
MLS #NJSA2010798
Days on Market14
Taxes$3,443 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.16 AC / 6,852 SF
CountySalem County

Location

Listing Courtesy of Exit Homestead Realty Professionals
Add your commute

Building Information for 91 7th Street

Stories-Residences2Year Built1900Building Size-Lot Size0.16 AC / 6,852 SF

Payment Calculator

$1,264 per month

30 year fixed, 7.25% Interest

Principal and Interest

$977

Property Taxes

$287

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 91 7th Street

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: $33,700
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RESIDENTIAL
  • Zoning Dscrp: Residential
  • Tax Lot: 17
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Heater Maintenance Contract, Insurance, Lawn/Shrub Care, Management, Pest Control, Repairs, Sewer, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 100.00%
  • Number Of Units Month To Month: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 5
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 6
Financial Information
Expenses
  • Operating Expense: $8,283
  • Insurance Expense: $1,200
  • Trash Expense: $0
  • Pest Control Expense: $100
  • Maintenance Expense: $1,000
  • Pool Expense: $0
  • Professional Management Expense: $2,340
Financial Information
  • Gross Income: $23,400
  • Gross Scheduled Income: $30,000
  • Net Operating Income: $15,117
  • Annual Rental Income: $23,400
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 50.00 x 137.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 21905896
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street, Driveway
  • Driveway - # of Spaces: 4
  • Parking Features: Dirt Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Oven/Range - Electric, Refrigerator
  • Accessibility Features: 2+ Access Exits
  • Window Features: Replacement
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Gloucester Salem Counties Board of REALTORS
  • List Agent URL: www.homedreamsbyrichard.com

Property History for 91 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 91 7th Street

Taxable ValueLand$10,100Additions$33,700Total$43,800
Tax Record2022$3,292 ($274 / month)
Home Facts
Beds0Total Finished SqFt1,809 SqFtAbove Grade Finished SqFt1,809 SqFtLot Size6,852 SqFtStyleSingle Family ResidenceYear Built1900CountySALEMAPN13 00017-0000-00017

Schools near 91 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.

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Similar Homes

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91 7th Street is a multi-family home for sale in Salem, NJ 08079. This property was listed for sale on April 26, 2024 by Exit Homestead Realty Professionals, it's currently listed at $179,000. 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. 91 7th Street is a 4-bed, 2-bath, 1,809 sqft multi-family home built in 1900.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Homestead Realty Professionals

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.