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648-650 N BROAD ST Woodbury, NJ 08096
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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $124
MLS Listing ID NJGL2029218
Sold Date 08/31/23
Style A-Frame
Abv Grd Liv Area 2,208
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $8,445
Tax Year 2022
Lot Size 5,798 Sqft
Acres 0.13
Lot Dimensions 40.00 x 145.00
Property Description
Come check out this income earning QUAD today!
Four - 1 bed 1 bath units
Contact the listing agent for all financials that have to do with this property
648A - $865 Per mo- Section 8 long term tenant
648B- $925 Per mo
650A- $1,050 potential rent once rehabbed
650B- $950 Per mo
Each unit us due for a rent increase once leases end. Two units leases are up in November and the section 8 tenant just got a new HAP contract.
Three of the Four units are occupied all PAYING tenants with leases in tact.
Unit 650 A is vacant and just has been cleaned out. Needs work!
EXPENSES
Common Gas (Hot water, whole house)/common area
electric(lights)
$1300/ year
Taxes
$8400/year
Water/sewer
$3300/year
Insurance
$2000
Building has four gas boilers, all separately metered. Tenants pay gas heat. One was replaced 02/2023
Building has a whole house tankless hot water heater that was replaced 02/2023. Owner pays this bill.
Building has property management in place for 8% of gross rents.
The property is being sold AS-IS. The buyer is responsible for all inspections, including but not limited to certificate of occupancy and fire inspection.
Location
State NJ
County Gloucester
Area Woodbury City (20822)
Rooms
Basement Outside Entrance, Sump Pump, Unfinished, Walkout Stairs
Interior
Interior Features Attic, Carpet, Floor Plan - Traditional
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility Level Entry - Main
Parking Type On Street
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Woodbury Public Schools
Others
Tax ID 22-00125-00015
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Negotiable, Other
Listing Terms Cash, Conventional, Negotiable, Other
Financing Cash,Conventional,Negotiable,Other
Special Listing Condition Standard
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Bought with John Rinick • Tesla Realty Group LLC
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