$275,000
$305,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
2,180 SqFt
SOLD DATE : 10/30/2018
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,180 sqft
Price per Sqft $126
Subdivision None Available
MLS Listing ID 1003279991
Sold Date 10/30/18
Style Other
HOA Y/N N
Abv Grd Liv Area 2,180
Originating Board TREND
Year Built 1930
Annual Tax Amount $8,156
Tax Year 2017
Lot Size 7,134 Sqft
Acres 0.16
Lot Dimensions 82X87
Property Description
Here is an Excellent Opportunity to own a very well maintained turn key Investment Property in one of South Jersey's newly developing Downtown Area! Broadway Theatre, 2 Craft Breweries, Bakeries and Restaurants make this a local attraction that is all within walking distance. Many other shops and public transportation too!. This Building consists of 4 One Bedroom Apartments and an attached 2 Car Garage. The total available income is $47,400 with Expenses of $13,616. This leaves you with a Net Return of over $33,000 per year. That is an awesome return and guess what the building is ready to go with everything being maintained whenever necessary. Each Unit has separate Electric Meters that even includes their Washer/Dryer Hookups and Storage Cage in the basement. That's right each unit has a separate storage area in the basement that allows them to lock up bikes, seasonal decorations or whatever they need. Every unit also has a separate Laundry Hookup in the basement so that they do not have to seek an outside laundromat. The plumbing has all been updated with Pex Lines that run to each fixture. Off Street Parking is also available for the tenants use. The owner has all of the required documentation including State of NJ 5 Year Inspection Certificate, Annual Pitman Inspection, Fully Wired Basement Fire Alarm System with Monitoring (Required), Knox Box for Fire Department Access (Required). If you are looking for an investment that is ready to go opportunity is knocking!
Location
State NJ
County Gloucester
Area Pitman Boro (20815)
Zoning MULTI
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished, Outside Entrance
Interior
Hot Water Natural Gas
Heating Gas, Hot Water, Baseboard
Cooling Wall Unit
Fireplace N
Heat Source Natural Gas
Laundry Hookup
Exterior
Garage Spaces 6.0
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type Attached Garage
Attached Garage 2
Total Parking Spaces 6
Garage Y
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Middle Schools Pitman
High Schools Pitman
School District Pitman Boro Public Schools
Others
Tax ID 15-00196-00019
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with James W Sullivan III • Century 21 Rauh & Johns
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "