Under contract

6 SALEM Ave, Newfield, NJ 08344

Sqft
1,440
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byDePalma Realty
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Overview

TURNKEY CASHFLOWING DUPLEX in NEWFIELD! This well-kept Buena Regional School District duplex has 2 bedrooms, 1 bathroom downstairs and 2 bedrooms, 1 bathroom upstairs. The total current rent roll is $2,956.00 per month, which comes to $35,472.00 annually, making this a very strong investment with great rental history. The tenants both also pay $25 per month each in additional rent (not included in the rent roll) to cover the water bill. The tenants both keep their units clean and tidy, and one unit is on an annual lease that runs through the end of the calendar year, while the other is month-to-month. Both units have their own electric and gas meters for easy utility management. The landlord is responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. Moreover, the property also includes a detached garage that can be rented separately for even more income. If you've been looking for a strong and stable multi-family property in a phenomenal location to start, add to, or diversify your investment portfolio, this is a strong option. Don’t miss this one!

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
1,440
Lot size (acres)
0.19
Year built
1904

Interior features

Basement
Yes, Finished

Exterior features

Horse amenities
Stable

Garage and parking

Garage parking spaces
2

Utilities

Heating
Natural Gas
Cooling
Central Air
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount (2025)
$5,154

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: NJGL2074554 Last checked:

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