Description
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.
Listing By: Compass New Jersey, LLC - Moorestown via Data Source: Bright MLS
2757494-NJSA2010698
MLS ID
Price HistoryView all +
| date | price | variance | type | global |
|---|
| 8/9/2024 | $275,000 | 8.03 % | Sold | view listing |
| 7/15/2024 | $299,000 | - | Contract |
| 6/24/2024 | $299,000 | - | off market |
| 6/21/2024 | $299,000 | - | Contract |
| 6/9/2024 | $299,000 | 1.64 % | decreased |
| 6/2/2024 | $304,000 | - | - |
| 6/2/2024 | $304,000 | 1.62 % | decreased |
| 5/13/2024 | $309,000 | - | - |
| 5/13/2024 | $309,000 | 1.90 % | decreased |
| 5/2/2024 | $315,000 | 1.56 % | decreased |
| 4/18/2024 | $320,000 | - | Listed |
listing agent: Jennifer Rothenberger
