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349 E Broadway

SALEM, NJ 08079
  • $85,000
  • STATUS: Pending
  • ON SITE: 177 Days
  • ID#: NJSA2012030
Pending
UPDATED: 65 min ago
$85,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,348
    SQFT
  • $36
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1890
County:

School Ratings & Info

School District:

Description

UNDER CONTRACT. OPEN HOUSE CANCELED. Welcome to 349 East Broadway, a spacious 2-story single-family home nestled in the heart of Salem, NJ. This property is a golden opportunity for savvy investors seeking both immediate rental income and long-term growth potential. With 5 bedrooms and 2 full bathrooms, this versatile home is perfect for a multi-family setup or a spacious single-family residence.On the first floor, you'll find 3 large bedrooms, a full bathroom, and expansive living and dining areas complete with a wood-burning fireplace. The fully equipped kitchen makes this floor ideal for family living or rental income generation. The second floor features 2 generous bedrooms, a full bathroom, and a space that was formerly a kitchen and dining area, offering potential for additional living quarters or other creative uses. This floor also features a screened-in porch overlooking the backyard.The property boasts a sizable fenced-in yard, providing privacy and ample outdoor space. Additionally, a bonus subdivided lot (Block 00069 Lot 00051) is included, offering exciting possibilities for future development or expansion.Currently tenant-occupied, this property is generating $1,100 per month through a HUD-supported month-to-month lease, with the potential for increased rental income. The flexibility of the lease offers both stability and opportunity, making this an attractive investment for those looking to maximize returns.Don't miss out on this unique opportunity to invest in a property with substantial income potential and future growth. Contact us today to schedule a tour and take the first step toward expanding your real estate portfolio!

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-18T12:53:15.45.
www.locomusings.com/homes/154055368
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349 E Broadway SALEM, NJ 08079

  • Price: $85,000
  • Status: Pending
  • On Site: 177 Days
  • Updated: 65 min ago
  • ID#: NJSA2012030
5
Beds
2
Baths
0
½ Baths
0.17
Acres
2,348
SQFT
$36
$/SQFT
1890
Built
Neighborhood:
None Available
County:
Salem
Area:
Salem City (21713)
School District:
Salem City Schools
Property Description
UNDER CONTRACT. OPEN HOUSE CANCELED. Welcome to 349 East Broadway, a spacious 2-story single-family home nestled in the heart of Salem, NJ. This property is a golden opportunity for savvy investors seeking both immediate rental income and long-term growth potential. With 5 bedrooms and 2 full bathrooms, this versatile home is perfect for a multi-family setup or a spacious single-family residence.On the first floor, you'll find 3 large bedrooms, a full bathroom, and expansive living and dining areas complete with a wood-burning fireplace. The fully equipped kitchen makes this floor ideal for family living or rental income generation. The second floor features 2 generous bedrooms, a full bathroom, and a space that was formerly a kitchen and dining area, offering potential for additional living quarters or other creative uses. This floor also features a screened-in porch overlooking the backyard.The property boasts a sizable fenced-in yard, providing privacy and ample outdoor space. Additionally, a bonus subdivided lot (Block 00069 Lot 00051) is included, offering exciting possibilities for future development or expansion.Currently tenant-occupied, this property is generating $1,100 per month through a HUD-supported month-to-month lease, with the potential for increased rental income. The flexibility of the lease offers both stability and opportunity, making this an attractive investment for those looking to maximize returns.Don't miss out on this unique opportunity to invest in a property with substantial income potential and future growth. Contact us today to schedule a tour and take the first step toward expanding your real estate portfolio!
Exterior Features

Architectural Style Colonial Construction Materials Frame Exterior Features SidewalksStreet Lights Fencing Fully Garage YN No Parking Types On StreetAlley Pool No Pool Roof Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2348 Appliances DishwasherDryerRefrigeratorWasher Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace Features BrickWood Fireplace YN Yes Fireplaces Total 1 Flooring CarpetHardwood Heating Baseboard - Hot Water Heating YN Yes Inclusions Property is to be sold with tenant and tenants belongings. Tenant is on a month-to-month leaseHUD paid $1100 and could increase. (EXTRA LOT INCLUDED: Block 00069 Lot 00051) Interior Features Ceiling Fan(s) Laundry Type Main Floor Levels 2 Main Level Bedrooms 3 Room List Dining RoomBedroom 2Bedroom 3Bedroom 4Bedroom 5KitchenFamily RoomBedroom 1Bathroom 1Bathroom 2Screened Porch Rooms Total 12 Upper Level1 Bedrooms 2

Property Features

Acceptable Financing Cash Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Federal Flood Zone YN No Foundation Details Block Heating Fuel Oil Historic YN No Hot Water Oil Lease Considered YN No Municipality SALEM CITY Navigable Water YN N New Construction YN No Original MLSNumber 803313730724 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3980.00 Tax Lot 00002 Utilities Natural Gas AvailableAbove Ground Vacation Rental YN No Water Source Public Zoning RES

Listing courtesy of Weichert Realtors-Haddonfield: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-18T12:53:15.45.
 
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