🔑 **Investor Opportunity!** 🔑
Welcome to 99 Chestnut St, Salem, NJ – the perfect addition to your investment portfolio! This 2-bedroom, 1-bath home offers 1,032 square feet of potential, with an attic that could be easily converted into a 3rd bedroom. Situated on a .05-acre lot, this property needs some TLC but has all the right features to become a high-yield rental or a profitable flip.
🏠 **Key Features:**
- **2 Beds, 1 Bath** with space to expand
- **Attic** – perfect for adding a 3rd bedroom
- **Public Water & Sewer** – no hassle with private utilities
- **Oil Heating** – efficient and reliable
- **ARV: $150K** – strong after-repair value in the area
- **Repair Estimate: $50K** – budget-friendly rehab project
- **Potential Rents: $1,750/month** – excellent rental income
- **Taxes Under $2,000/year** – low carrying costs
- **Investor-Friendly** – great for landlords and flippers alike
With its solid bones and desirable location, 99 Chestnut St is a 'landlord special' that won’t last long. Whether you're a seasoned investor or just getting started, this property offers incredible value and potential for growth. Don't miss out on this golden opportunity!
Comps
14 Church St Salem, NJ 08079 $149.9K
31 Eighth St Salem, NJ 08079 $154.4K
118 8Th St, Salem, NJ 08079-1013 $150K
📞 **Contact me today to schedule a viewing and explore the possibilities!**
Martin Dunlap, Realtor
HomeSmart First Advantage
Office: 856.666.3000
Mobile: 732.259.2950
Email: MartyMovesYou@gmail.com
Website: martindunlapjr.homesmartnewjersey.com