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1/23
91 7th Street, Salem, NJ 08079
$169,000
91 7th Street, Salem, NJ 08079View this property at 91 7th Street, Salem, NJ 08079
91 7th StreetSalemNJ08079
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1/23
Property Description
🏡 **Investment Opportunity in Salem, NJ!** PRICE REDUCTION 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
Full Property Details
Full Property Details for 91 7th St
General
- Price: $169,000
- Taxes: $3,443 (2023)
- Status: Active
- Type: Duplex
- MLS ID: NJSA2010798
- Updated: 5/20/2024
- Added to Site: 36 day(s) ago
Interior
- Number of Rooms: 11
- Appliances: Oven/Range - Electric, Refrigerator
- Flooring: Hardwood, Ceramic Tile, Laminate Plank
Parking
- Total Spaces: 4
- Parking Features: Dirt Driveway
- Parking Type: On Street, Driveway
Location
- Area: Salem City (21713)
- Municipality: SALEM CITY
- County: Salem
- Cross Streets: Pledger
- Driving Directions: Grant Street turn onto Hubble St, , right onto Pledger St and Right onto 7th Street house is on the right side
School Information
- School District: Salem City Schools
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Structure Type: Detached
- Construction: Frame
- Foundation: Brick/Mortar
- Roof: Architectural Shingle
- Windows: Replacement
- Stories/Levels: 2
- Square Feet: 1,809
- Sq. Ft. Source: Estimated
- Living Area: 1,809 Sq. Ft.
- Finished Above Grnd: 1,809 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- Other Units: Unit 1, Unit 2
- 2 Bedroom Units: 2
Unit 1
- Unit Description: Unit 1
- Bedrooms: 2
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,852
- Lot Size Source: Estimated
- Lot Dimensions: 50.00 x 137.00
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $93.42
- Operating Expenses: $8,283
- Tax w/Assessment: $33,700
- Tax Amount: $3,443
- Tax Year: 2023
- 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
- Landlord 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
Disclosures and Reports
- Buyer’s Brokerage Compensation: 0%
- Ownership: Fee Simple
- Exclusions: All items considered landlords and tenants personal property
- Inclusions: Stove/range and refrigerator
- Lot Number: 17
Listed by Exit Homestead Realty Professionals, Richard Clarke
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Schools
Schools serving 91 7th St
School District:Salem City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
223 E Broadway, Salem, NJ 08079 | 3-8 | 0.5 mi | |
John Fenwick School
183 Smith St, Salem, NJ 08079 | PK-2 | 0.7 mi | |
219 Walnut St, Salem, NJ 08079 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 91 7th St
Date
Details
Price
Change
Source
5/20/2024
Price Reduced
$169,000
-5.59%
MLS
4/26/2024
Listed
$179,000
-59.09%
MLS
10/03/2022
Sold
$437,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 91 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$3,292
-1%
$43,800
—
2022
$3,333
5%
$43,800
—
2021
$3,179
5%
$43,800
—
2018
$3,028
-2%
$43,800
—
2019
$3,096
3%
$43,800
—
2017
$2,992
18%
$43,800
-33%
2016
$2,541
1%
$64,900
—
2015
$2,509
1%
$64,900
—
2013
$2,481
—
$64,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 91 7th St
91 7th Street, Salem, NJ 08079 (MLS# NJSA2010798) is a Duplex property with 0 bedrooms and 0 full bathrooms. 91 7th Street is currently listed for $169,000 and was received on April 26, 2024. Want to learn more about 91 7th Street? Do you have questions about finding other Duplex real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.