Address
181 W Broad Street, Bridgeton, NJ
Price
$ 488,000
Property Attributes
- MLS#NJCB2015344
- TypeCommercial
- CountyCUMBERLAND
- CityBridgeton
- AreaBridgeton City
- Zip08302
- StyleApartment Building
- Year Built1900
- Taxes$ 5506
- Price$ 488,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2936
- Lot Size0.12 Acres
Data Source:
Bright MLS
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 $1,000.00 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.
| Price History | |
|---|---|
| 11/8/2023 | Listed $525,000 |
| 2/3/2024 | 8% - $488,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric,Radiant,Radiator |
| Cooling | None |
| Possession | Subject to Existing Lease |
| Zoning | R |
| Construction Materials | Mixed |
| Year Built | 1900 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Gross Income | 74820.00 |
| OwnerPays | Insurance,Sewer,Taxes - Real Estate,Trash Collection,Water |
| Business Type | Apartment Building |
| Accessibility | None |
| County | CUMBERLAND |
| Net Operating Income | 52624.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | Take Broad St PIQ is between Giles St and Lawrence St |
| ModificationTimestamp | 2024-03-27T01:14:07 |
| City | BRIDGETON |
| Buyer Agent Compensation | 0.5 |
| Total Units | 1 |
| MLS Area | Bridgeton City (20601) |
| Lot Size Square Feet | 5284.00 |
| Tax Assessed Value | 108500.0 |
| Waterfront Y/N | No |
| Street Name | BROAD |
| Tax Annual Amount | 5506.0 |
| Price Per Sq Ft | 166.21 |
| Vacation Rental Y/N | No |
| Days on Market | 175 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00030 |
| Total Actual Rent | 74820.00 |
| Cap Rate | 10.78 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric,Natural Gas |
|---|---|
| Hot Water | Electric,Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 2 |
| Type of Parking | Driveway,On Street |
| Water View Y/N | No |
| Building Area Total | 2936.00 |
| Lot Dimensions | 35.00 x 151.00 |
| Lot Size Acres | 0.12 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 3300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08302
Price
Taxes
Visits
Year Built
Walkscore
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