284-286 Grant Street

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284-286 Grant Street

Salem, NJ 08079
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily residential building containing four distinct rental units.
  • Located at 284-286 Grant Street in Salem, New Jersey.
  • Asset provides an opportunity for consistent residential rental income.
  • Property is situated within a traditional suburban housing market.
  • Four-unit configuration offers potential for efficient property management.

What's Special

Investors seeking to expand their portfolio will find this four-unit multifamily property in Salem, New Jersey, a practical acquisition for stable residential rental income. The apartment building at 284-286 Grant Street occupies a position within the local Salem market, providing housing options for residents who rely on the regional infrastructure and proximity to essential services. Salem remains a historic city characterized by its tight-knit community and steady demand for well-maintained residential inventory. Multi-unit residential properties such as this allow for efficient management and scale in a suburban New Jersey environment. Given the current four-unit configuration, this asset suits a landlord looking for a manageable addition to an existing rental portfolio. The location allows for access to regional transit routes and key employment hubs throughout the surrounding area, making it a viable choice for tenants working in nearby sectors. Future owners can leverage the existing structure to provide consistent housing opportunities in a market that relies on sustainable apartment density.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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