252 Sinnickson St, Salem, NJ 08079
Excellent Investment opportunity with very good capital appreciation potential once rehabbed.
Income potential when rehabbed: $1,150/ month
Two stories plus basement brick single Family House on a quiet street in a great location close to the Highway and Delaware Bay bridge access.
The house is 1,140 sq ft and has a front porch, a hallway, living room, kitchen, bathroom and three bedrooms with stairs to a basement.
The property sits on a lot of 2,243 sq ft and has a nice size back yard.
Lot dimensions: 17’ x 132’
The property has been vacant for a while and is currently boarded up. It has been gutted by fire and now needs a full rehab. Externally, the structure of the building appears to be intact, except for smoke damage.
Overall a full and comprehensive rehab is needed, but once completed the property has tremendous potential.
Pleasant, quite but convenient location:
The property is located in a pleasant, quiet residential area, within a 0.4 mile from Downtown Salem NJ and close to main Highway and Delaware Bay bridge access. Wilmington DE is 21 miles away.
The property is also close to public transportation, local shops and the main local hospital is only 5 minutes away.
The property is close to excellent local facilities and amenities as follows:
Restaurants
Jewel’s Café (.3mi), Crabby Joe’s Inc (.3mi), Pat’s Pizza & Bistro Salem (.3mi), King Fried Chicken (.3mi), Brigadoon Restaurant (.3mi), Bravo Pizza & Pasta (.4mi), New Chow’s Restaurant (.4mi), McDonald’s (.5mi), Salem Oak Diner (.5mi), Amato’s Mama Mia’s Pizza (.5mi), New Chow’s Restaurant (.6mi), Andys Restaurant Pizza & Grill (.9mi), Hudock’s Custard Stand (1mi), Seagraves Steak & Submarine (1.5mi), Shag’s Crab & Seafood (2.3mi), Chobani’s (3.6mi), SUBWAY®Restaurants (3.8mi), Asian Café (3.8mi), Mad Horse Crab & Seafood (4.1mi), Brad’s Pizza & Sub (4.1mi),
Coffee
Java Dog Coffee & Tea (1.6mi), EMS CAFÉ ” Early Morning Start” (3.5mi), Dunkin’ Donuts (3.9mi), Zoagies (4.7mi), The Sweetest Rose Cupcake Company (6.7mi), Dunkin’ Donuts (7.8mi), Auntie Anne’s Pretzels (8.2mi), Penn’s Place: Traders Cove Coffee Shop, Artisan Shops & Gallery, The Muse (8.3mi), Mrs. Snyders (8.4mi), Dunkin’ Donuts (8.9mi), Beelightful Coffee House (9.3mi),
Bars
Oakwood Inn Tavern (2.9mi), Scooters (6.9mi), A J’s Tavern (7mi), Friendship Motor Inn (7.9mi), Famous Old New Castle Tavern (8.6mi), Porto-Fino Lounge (8.6mi), Stubini’s South (10mi),
Groceries
BNS Market (.3mi), Salem Farmers Market=.4mi), AMW Supermarket (.4mi), Salem Farmers Market (.4mi), Incollingo’s Salem Iga (.6mi), Bud’s Market (3.1mi), Walmart (3.8mi), Bud’s Market (5.5mi), Halters Farm Market (5.8mi), Save-A-Lot (6mi), Sunset Market (6.7mi), Broadway Deli & Market (7.2mi), Acme Markets (7.4mi),
Parks
Supawna Meadows National Wildlife Refuge (5.2mi), Fort Mott State Park (5.3mi), Killcohook National Wildlife Refuge (6mi), Fenwick Monument (6.5mi), Maskells Millpond Fish and Wildlife Management Area (6.6mi), Riverview Beach Park (7mi), Mad Horse Creek Fish and Wildlife Management Area (9.9mi),
Schools
John Fenwick Elementary School (.2mi), Salem Middle School (.3mi), Salem High School (.8mi), Elsinboro Township School (3mi), Quinton Township School (3.2mi), Mannington School (3.3mi), Valley Park Elementary School (5mi), Alloway Township School (5.4mi), Strang School/ranch Hope Inc (5.6mi), Pennsville Middle School (6.2mi), Penn Beach Elementary School (6.2mi), Pennsville Adult High School (6.5mi),
Shopping
Tory’s Boutique (.3mi), One Of A Kind Boutique (.3mi), Parker Jewelers (.3mi), Mungioli’s Bakery (.4mi), Cato (3.8mi), Wawa Food Market (5.8mi), Family Dollar #7372 (6mi), All 4 Kids (6mi), D w Supply Co (6.7mi), Carry It In Style Miche Bags (6.9mi), Design Craft (7mi), Pam Halter Books (7.1mi),
Entertainment
Fort Delaware Society (6.3mi), ABA”s Heron Watch (6.6mi), Home (6.6mi), American Birding Association Inc. (6.7mi), Battery Park (6.9mi), Port Penn Interpretive Center (7mi), 259 North River Drive (7.7mi), Pea Patch Island=7.7mi), Church Landing Farmhouse (7.9mi), Pennsville Historical Society & Museum (7.9mi), New Castle Historical Society (8.3mi), First State National Historical Park (8.3mi),
Errands
Salem Pharmacy (.2mi), Cobb Thos & Sons=.3mi), Rite Aid Pharmacy (.4mi), Today’s Sunbeam (.5mi), TD Bank (.5mi), Harvest Community Bank (.6mi), Fulton Bank of New Jersey (1.1mi), I S Smick Lumber (3mi), Walmart Pharmacy (3.8mi), Chick’s Block Co Inc (5.3mi), Alloway Village Hardware & Feed (5.4mi), Fulton Bank of New Jersey (5.6mi), Walgreens Pharmacy (5.9mi)
(walkscore.com)
Demographics (within 1 mile)
Total population 5,007
% 2015 Black or alone 62.19%
% 2015 White alone 30.52%
Average 2015 Household income : $58,470
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The property has excellent capital appreciation potential when rehabbed and good income potential:
Estimated rental income for this property: $1,200/ month*
*rentometer.com & hotpads.com
Taxes:
Salem County NJ – Parcel info: Block 66, Lot 12.
There are no delinquent taxes. Current taxes that were out in August are now due: $448.94
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes real estate taxes, liens, bills and encumbrances
