$265,000
$249,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
1,632 SqFt
SOLD DATE : 03/14/2025
Key Details
Sold Price $265,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,632 sqft
Price per Sqft $162
MLS Listing ID NJGL2046868
Sold Date 03/14/25
Originating Board BRIGHT
Year Built 1975
Annual Tax Amount $2,908
Tax Year 2024
Lot Size 1,476 Sqft
Acres 0.03
Lot Dimensions 18.00 x 82.00
Property Sub-Type Mixed Use
Property Description
**Incredible Multi-Use Investment Property!**
Listed at $249,000, this must-see property offers endless potential for investors and delivers a **strong cap rate of approximately 13.2%!**
**Property Details:**
- **First Floor:** Features a versatile commercial space, perfect for business ventures, along with a cozy one-bedroom residential unit in the rear.
- **Second Floor:** Includes a spacious two-bedroom apartment, ideal for comfortable living or generating additional rental income.
- **Utilities:** Equipped with separate electric meters for added convenience and ease of management.
- **Rental Income:** All three units are currently rented, providing consistent income:
- One- Residential : $1,450/month
- One-Bedroom Apartment: $1,250/month
- Commercial Unit: $700/month
**Key Highlights:**
- Fully rented, ensuring immediate and reliable cash flow.
- Offers a blend of commercial and residential spaces, making it ideal for diverse investment strategies.
- Perfect for living, working, or investing all under one roof.
**Important Note:** A tenant currently resides on the property. Please be respectful and kind when scheduling viewings.
Don't miss this amazing opportunity to own a multi-use property with excellent income potential. Contact us today to learn more or schedule a showing!
Location
State NJ
County Gloucester
Area Paulsboro Boro (20814)
Zoning MIXED
Interior
Hot Water Electric
Heating None
Cooling Wall Unit
Flooring Luxury Vinyl Plank, Heavy Duty
Heat Source None
Exterior
Garage Spaces 1.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 1
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Paulsboro Public Schools
Others
Tax ID 14-00079-00003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Tory Schroff • Hometown Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "