$270,000
$319,000
15.4%For more information regarding the value of a property, please contact us for a free consultation.
2,835 SqFt
SOLD DATE : 10/04/2023
Key Details
Sold Price $270,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,835 sqft
Price per Sqft $95
MLS Listing ID NJSA2007706
Sold Date 10/04/23
Style Colonial
Abv Grd Liv Area 2,835
Originating Board BRIGHT
Year Built 1885
Annual Tax Amount $6,176
Tax Year 2022
Lot Size 0.280 Acres
Acres 0.28
Property Description
Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third floor(lease exp 3/14/2024) . All new leases, well maintained, fully rented and reasonable taxes make this a sound investment in your future. Great 1031 exchange replacement property. Good exposure on Route 40 (14,729 vehicles/day- 2017- count), walking distance to downtown shopping, schools and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - over $46,000 per year and a 9% +/- CAP rate make this a good long term investment in your future. Property sold "As Is" condition.
Location
State NJ
County Salem
Area Woodstown Boro (21715)
Zoning LC
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Flooring Carpet
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
View Street
Roof Type Pitched,Shingle
Street Surface Black Top
Accessibility None
Road Frontage State
Parking Type None
Garage N
Building
Lot Description Road Frontage
Foundation Brick/Mortar, Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade
Structure Type Masonry
New Construction N
Schools
Elementary Schools Mary S. Shoemaker School
Middle Schools Woodstown M.S.
High Schools Woodstown H.S.
School District Woodstown-Pilesgrove Regi Schools
Others
Tax ID 15-00022-00007
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Gina Knowles • Home and Heart Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "