Bridgeton, NJ 08302,181 W BROAD ST
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Bridgeton, NJ 08302,181 W BROAD ST
Bridgeton, NJ 08302,181 W BROAD ST
Bridgeton, NJ 08302,181 W BROAD ST
Bridgeton, NJ 08302,181 W BROAD ST

$437,500

Est. payment /mo

$488,000

10.3%
Est.Price: ?

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181 W BROAD ST Bridgeton, NJ 08302

2,936 SqFt

SOLD DATE : 08/02/2024

Key Details

Sold Price $437,500

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,936 sqft

Price per Sqft $149

MLS Listing ID NJCB2015344

Sold Date 08/02/24

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $5,506

Tax Year 2023

Lot Size 5,284 Sqft

Acres 0.12

Lot Dimensions 35.00 x 151.00

Property Description

Investment Opportunity - Fully Occupied 5-Unit Rental Property

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.

Property Details:

Apartment 1: Studio - Monthly rent $1,150.00
Apartment 2: 1BR - Monthly rent $1,285.00
Apartment 3: 1BR - Monthly rent $1,400.00
Apartment 4: 1BR - Monthly rent $1,300.00
Apartment 5: 2BR - Monthly rent $1,500.00
Financials:

Gross Rental Income: $74,820.00 per year
Net Income: Approximately $52,624.00 per year
Additional Information:

The roof on both buildings is 7 years old, reducing future maintenance costs.
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.
Property is being sold in AS IS condition.

Location

State NJ

County Cumberland

Area Bridgeton City (20601)

Zoning R

Interior

Hot Water Electric, Natural Gas

Heating Baseboard - Electric, Radiant, Radiator

Cooling None

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Bridgeton

School District Bridgeton Public Schools

Others

Tax ID 01-00270-00030

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Larry J DePalma • DePalma Realty
Bought with Larry J DePalma • DePalma Realty

Meggie Carpenter

Advisor | License ID: 654291

+1(410) 303-9172

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