230-232 Grant StSalem, NJ 08079

Property Details for 230-232 Grant St

Year built

1900

Property size (Sq ft)

3,170 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This Salem, New Jersey triplex presents a compelling investment opportunity. Located at 230-232 Grant St, this fee-simple property boasts 3,170 square feet on a 7,000 square foot lot and is zoned for multi-family residential use. The property consists of two buildings with three stories, built in 1900, and features vinyl siding and a newer roof (replaced within the last two years). Currently, all three units are rented, providing immediate cash flow. Unit A (232) is a 1-bedroom, 1-bathroom unit with updated flooring, paint, and appliances, currently renting for $1,050 per month. Unit B (232) is also a 1-bedroom, 1-bathroom unit, currently renting for $645 per month, but with potential for rent increase up to $1,000. Unit 230 is a 4-bedroom, 1-bathroom unit with a long-term tenant under a Section 8 agreement, currently renting for $1,650 per month, with a pending rent increase approval. The asking price is $225,000 ($75,000 per unit), with an occupancy date of November 20, 2024. The property is sold "as is," and any necessary Certificates of Occupancy are the buyer's responsibility. Showings require 48-hour notice and should be scheduled through ShowingTime. Do not disturb tenants.

Location Insight

City

Salem

County

Salem

State

New Jersey

Latitude

39.5733

Longitude

-75.4636

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].