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6 Salem Ave

Newfield NJ 08344

4
2
1440 sq. ft.
8276 sq. ft.
Duplex
Currently for sale - view listing

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 $2,706.00 per month, which comes to $32,472.00 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!

Features

4 bedrooms
2 carspaces
2 garage spaces
1440 sq. ft. floor area
8276 sq. ft. lot size
Duplex

Property history for 6 Salem Ave

2024
Sold
$225,000
12 Sep 2024 by Andrea Chait, of Collini Real Estate LLC
2018
Sold
$50,000
15 Aug 2018 by Maryann D'Agostino, of Bruce Associates Inc

Happy sellers in Newfield

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We have insufficient information to provide an overview of customer satisfaction for Newfield. Viewing the agent profiles, reviews and sales for Newfield can provide insights for this location.

Local market activity for 4 bedroom duplexes in Newfield

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Sales:
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