181 W Broad Street
Bridgeton,
NJ
08302
Property Details
List Price: |
$488,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
DePalma Realty LLC |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1900 |
Notes: |
Investment Opportunity - Fully Occupied 5-Unit Rental Property<br />
<br />
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.<br />
<br />
Property Details:<br />
<br />
Apartment 1: Studio - Monthly rent $1,150.00<br />
Apartment 2: 1BR - Monthly rent $1,285.00<br />
Apartment 3: 1BR - Monthly rent $1,000.00<br />
Apartment 4: 1BR - Monthly rent $1,300.00<br />
Apartment 5: 2BR - Monthly rent $1,500.00<br />
Financials:<br />
<br />
Gross Rental Income: $74,820.00 per year<br />
Net Income: Approximately $52,624.00 per year<br />
Additional Information:<br />
<br />
The roof on both buildings is 7 years old, reducing future maintenance costs.<br />
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.<br />
Property is being sold in AS IS condition. |
MlsNumber: |
NJCB2015344 |
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Listing Provided By: |
DePalma Realty LLC, original listing |
Name: |
DePalma Realty LLC |
Phone: |
(856) 364-6697 |
Office Name: |
DePalma Realty |
Office Phone: |
(856) 364-6697 |
Agent Name: |
Larry DePalma |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |