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About the Listing REMAXR3 - 3359743
Investor Opportunity in the heart of Salem! This tenant-occupied property offers immediate cash flow with a Section 8 tenant in place and a recently renewed lease, making it an excellent opportunity for both seasoned and first-time investors alike. Built in 1900, the home features spacious living areas, generously sized bedrooms, and plenty of original character throughout. Recent improvements include a newer roof (2021) and water heater (2022), helping minimize major upfront expenses for the next owner. The property also offers public water and sewer, a basement for additional storage potential, and a private backyard space. Conveniently located near local shopping, dining, schools, and major roadways. Whether you’re looking to expand your rental portfolio, secure reliable long-term income, or explore future value-add potential, this property offers multiple investment angles. Strong opportunity to renovate and increase future resale value or refinance once vacant. A solid addition to any investment portfolio with built-in income already in place!
Listing Highlights
Status
Active
Days on Site
33
Property Type
Residential
MLS ®
NJSA2019002
Year Built
1900
Total Square Footage
1,684
Lot/Acreage
0.24
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1684
- Below Ground Sq Ft: 0
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 37.00 x 284.00
- Zoning: RESIDENTIAL
- Roof:
- Others:
- Sewer: No Septic System
Financial Details
- Tax Amount: $3,244
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
41 Yorke St Salem, NJ 08079
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