Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
7
Photos
5
beds
2
baths
2,348
sqft
Built in
1890
CALLING INVESTORS!! 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!
Features & Amenities
Interior
- General:
- Ceiling Fan(s)
- Rooms:
- Dining Room,Bedroom 2,Bedroom 3,Bedroom 4,Bedroom 5,Kitchen,Family Room,Bedroom 1,Bathroom 1,Bathroom 2,Screened Porch
- Appliances:
- Dishwasher,Dryer,Refrigerator,Washer
- Laundry:
- Main Floor
- Basement:
- Full
- Flooring:
- Carpet,Hardwood
- A/C:
- Window Unit(s)
- Heating:
- Y, Baseboard - Hot Water, Oil
- Fireplace:
- Brick,Wood, Fireplace, Fireplaces: 1
- Disability Feature:
- None
Exterior
- General:
- Sidewalks,Street Lights, Above Grade,Below Grade
- Style:
- Colonial
Construction
- Roofing:
- Shingle
- General:
- Frame, 2, Block
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- SALEM CITY SCHOOLS
- County:
- SALEM
Lot
- Zoning:
- RES, 13-00069-00002
- Fencing:
- Fully
- Current Use:
- 0
Utilities
- Utilities:
- Natural Gas Available,Above Ground
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Weichert Realtors-Haddonfield, Delicia Sample
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Salem, NJ
Housing
- Number of Units
- 5,233
- Median Home Value
- $164,753
- Median Rent
- $651
37.57% of housing units are renter occupied.
13.02% are vacant.
Commute
- Car
-
75.47%
- Public Transportation
-
1.13%
- Walk to Work
-
1.29%
- Work from Home
-
19.95%
- Other
-
1.73%
The median travel time to work is 24 minutes.
People
- Population
- 11,311
- Median Age
- 39.40
- Median Household Size
- 2.53
Education
- High School
-
42.85%
- Associate’s Degree
-
9.82%
- Bachelor’s Degree
-
8.58%
- Graduate Degree
-
5.03%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Interested in this home?
Request more information: