$437,500
$488,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
181 W BROAD ST Bridgeton, NJ 08302
2,936 SqFt
Key Details
Sold Price $437,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,936 sqft
Price per Sqft $149
MLS Listing ID NJCB2015344
Sold Date 08/02/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,506
Tax Year 2023
Lot Size 5,284 Sqft
Acres 0.12
Lot Dimensions 35.00 x 151.00
Property Description
Investment Opportunity - Fully Occupied 5-Unit Rental Property
This well-maintained 5-unit rental property is an excellent investment opportunity. It offers a diverse mix of unit sizes to attract a range of tenants. The property is generating solid rental income, and the current tenants pay for their own utilities, with the exception of the owner covering hot water costs.
Property Details:
Apartment 1: Studio - Monthly rent $1,150.00
Apartment 2: 1BR - Monthly rent $1,285.00
Apartment 3: 1BR - Monthly rent $1,400.00
Apartment 4: 1BR - Monthly rent $1,300.00
Apartment 5: 2BR - Monthly rent $1,500.00
Financials:
Gross Rental Income: $74,820.00 per year
Net Income: Approximately $52,624.00 per year
Additional Information:
The roof on both buildings is 7 years old, reducing future maintenance costs.
This property presents a solid income stream for investors. Don't miss out on this opportunity to add a well-performing rental property to your portfolio. Contact us for more details and to schedule a viewing.
Property is being sold in AS IS condition.
Location
State NJ
County Cumberland
Area Bridgeton City (20601)
Zoning R
Interior
Hot Water Electric, Natural Gas
Heating Baseboard - Electric, Radiant, Radiator
Cooling None
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, On Street
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Bridgeton
School District Bridgeton Public Schools
Others
Tax ID 01-00270-00030
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Larry J DePalma • DePalma Realty