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Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD2054152
Sold Date 02/21/24
Originating Board BRIGHT
Year Built 1973
Annual Tax Amount $10,512
Tax Year 2022
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 87 x 121
Property Description
This is an outstanding investment opportunity which offers a huge upside potential. Current monthly rents totaling +/- $37,000 per year are well below market value. The property consists of 2 commercial units on the first floor which have long term tenants on month-to-month leases and 2 residential units on the second floor, also long term month-to-month tenants. This building could be purchased by an investor for passive income or could be used as an owner/occupant affording them substantial monthly income. All tenants have their own heat and electric. Landlord pays water and sewer. The property is well kept, but could use some cosmetic updates within the residential units. Seller to have a brand new silicone roof installed on the building w/10 year warranty. Property is a stone's throw from the Gloucester Premium Outlets, a thriving +/- 1,000 square foot fashion outlet.
Location
State NJ
County Camden
Area Gloucester Twp (20415)
Zoning COMM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 15.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Road Frontage State
Parking Type Parking Lot
Total Parking Spaces 15
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Black Horse Pike Regional Schools
Others
Tax ID 15-12501-00005
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Kevin Piccolo • Piccolo Realty, LLC
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