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Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,052 sqft
Price per Sqft $136
MLS Listing ID NJAC115002
Sold Date 02/16/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,052
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $8,349
Tax Year 2020
Lot Size 7,350 Sqft
Acres 0.17
Lot Dimensions 49.00 x 150.00
Property Description
Excellent investment opportunity in quiet neighborhood on large corner lot with great rental history. This four unit complex has all one bedroom units with plenty of upside, open floor plans and tenants with great history at the property. All units are fully occupied with similar layouts and many upgrades throughout. The building is around 2400 sq. ft. with newer gas boilers for each unit, all new electrical wiring throughout the building, individually metered , new on demand hot water heater (energy efficient). Large rear yard, fire escape for upstairs tenants, up to code with inspections etc.. The building throws off a great return with a cap rate over 8.29 % with the current market rents and has upside to be much more. Coin operated laundry facility for extra income, call or email for more information and tours. See documents for Income & Expense
Location
State NJ
County Atlantic
Area Egg Harbor City (20107)
Zoning R-6
Rooms
Basement Full
Interior
Hot Water Electric
Heating Hot Water & Baseboard - Electric
Cooling None
Heat Source Natural Gas Available, Electric
Exterior
Garage Spaces 4.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer No Septic System
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Egg Harbor Township Public Schools
Others
Tax ID 07-00323-00029 02
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Sharon L Denney-Wristbridge • BHHS Fox & Roach-Medford