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Penns Grove,NJ 08069
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJSA2016186
Style Other
Year Built 1920
Annual Tax Amount $6,255
Tax Year 2023
Lot Size 1.020 Acres
Property Sub-Type Detached
Property Description
This 4-unit mixed-use property presents a tremendous opportunity and includes two storefronts (totaling 4,024 sq. ft.) along with a separate two-unit duplex (2,250 sq. ft.). The duplex is fully rented with cooperative tenants, generating $1,575 per month for the 3BR/1BA unit and $1,350 per month for the 2BR/1BA unit, for a total annual rental income of $35,100. Both residential units are separately metered.
The commercial buildings offer significant potential for renovation and can be adapted for a wide variety of uses. The property is being sold strictly as-is, with the buyer responsible for all due diligence. Please note that this property may not qualify for conventional financing. Acceptable financing options include cash purchase, hard money loan, or commercial loan. Sold strictly AS-IS . Bring all offers!
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Zoning MIXED
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Multi Units,Window Unit(s)
Exterior
Water Access N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition Standard