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Jennifer Rothenberger

225-231 Gibbon St

$304,000 225-231 Gibbon St, Salem, NJ 08079
Welcome to 225-231 Gibbon Street, Salem, NJ. This meticulously maintained property presents an exceptional investment opportunity with a smart and strategic approach. Comprising four 3-bedroom, 1-bath townhomes, this income-generating property offers a total of 12 bedrooms and 3 bathrooms across a generous 2380 square feet of living space.

Nestled on a total lot size of 5118 square feet, the property boasts newer roofs, adding an invaluable layer of functionality . Each unit is currently occupied, with annual leases in place, ensuring a consistent stream of income for the savvy investor.

Notably, three of the four of the townhomes have been recently updated, offering a blend of character and modern convenience. The property's impressive annual gross rental net of $56,760 and a remarkable 12.74% cap rate underscore its potential as a lucrative addition to any investment portfolio. Photos of 229 and 231 are prior to the recent current tenants' occupancy.

Conveniently located in a convenient area, this property presents a rare opportunity to acquire a turnkey investment with strong rental history and promising returns. Don't miss the chance to own this income-generating gem in Salem, NJ. Schedule your showing today and seize this astute investment opportunity.
  • For Sale
    Status
  • 4
    Bedrooms
  • 1940
    Year Built
  • 2,380 Sq.Ft.
    Living Area
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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 225-231 Gibbon St, Salem, NJ 08079. We are reviewing your request and will be in touch shortly!

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 2,380 Sq.Ft.
  • Lot Size: 5,118 Sq.Ft.
  • MLS® ID: NJSA2010698
  • Type: Multi-Family
  • Year Built: 1940
  • Architecture Styles: Traditional
  • School District: SALEM CITY SCHOOLS

Interior

  • Total Bedrooms: 4
  • Appliances: Electric Water Heater

Exterior & Building

  • Water Source: Public
  • Parking: On Street
  • Heat Type: Forced Air, Natural Gas, Oil
  • Sewer: Public Sewer

Financial

  • Sales Price: $304,000
  • Real Estate Tax: $6,721/yr

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225-231 Gibbon St

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Jennifer is an expert in this local area, she brings a wealth of knowledge about buying and selling real estate here.
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