This property consists of 2 commercial units on the first floor which have long term tenants on month-to-month leases and 2 residential units on the second floor, also long term month-to-month tenants. All tenants have their own heat and electric. Landlord pays water and sewer. Current monthly rents totaling +/- $37,000.00 per year are well below market value. This is an outstanding investment opportunity which offers a huge upside potential. This building could be purchased by an investor for passive income or could be used as an owner/occupant affording them substantial monthly income. The property is well kept, but could use some cosmetic updates within the residential units. Seller to have a brand new silicone roof installed on the building w/10 year warranty. Property is a stone's throw from the Gloucester Premium Outlets, a thriving +/- 1,000 square foot fashion outlet.
Sold for $400,000
Zillow last checked:
Listing updated:
Bought with:
Kevin Piccolo
Piccolo Realty, LLC
Source: Bright MLS,MLS#: NJCD2054556
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2024 | Sold | $400,000-5.9% |
Source:  Bright MLS #NJCD2054556 Report a problem | ||
| 1/18/2024 | Pending sale | $424,900 |
Source: Bright MLS #NJCD2054556 Report a problem | ||
| 1/12/2024 | Contingent | $424,900 |
Source: Bright MLS #NJCD2054556 Report a problem | ||
| 9/5/2023 | Listed for sale | $424,900 |
Source: Bright MLS #NJCD2054556 Report a problem | ||
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Estimated market value
$439,700
