91 Chestnut St, Salem, NJ 08079

Calling all Investors! This property consists of a half duplex (left side) that is currently rented. 2 bedrooms, 1 full bath, living, dining, and kitchen with a walk up attic that has potential to turn into additional bedrooms (with proper permits and renovations). Basement has area for laundry hook-up. The current owner has maintained the property and made the following improvements; most of the windows were replaced with vinyl windows in 2011, bathroom updated in 2018, new railings & lattice in 2016, new oil tank in 2021, to name a few. The Certificate of Occupancy will transfer to the new owner. Purchaser to assume current lease. Please do not approach tenants. The tenant currently pays $810 per month rent, heating oil, electric, lawn care and trash removal. The landlord pays property taxes $1727, water $308, sewer $546 per year. ROI 12%