Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third floor(lease exp 3/14/2024) . All new leases, well maintained, fully rented and reasonable taxes make this a sound investment in your future. Great 1031 exchange replacement property. Good exposure on Route 40 (14,729 vehicles/day- 2017- count), walking distance to downtown shopping, schools and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - over $46,000 per year and a 9% +/- CAP rate make this a good long term investment in your future. Property sold "As Is" condition.
Sold for $270,000
$270,000
39 East Ave, Woodstown, NJ 08098
4beds
--baths
2,835sqft
Triplex
Built in 1885
-- sqft lot
$342,100 Zestimate®
$95/sqft
$1,800 Estimated rent
Home value
$342,100
$318,000 - $369,000
$1,800/mo
Zestimate® history
Owner options
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$1,800/mo
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$1,800/mo
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$2,073/mo
Est. payment
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$2,073/mo
Est. payment
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Fully rentedDetached garageNew leases
Zillow last checked:
Listing updated:
Listed by:
Rich Warner 856-769-4111,
Warner Real Estate & Auction Company
Bought with:
Gina Knowles, 1328735
Home and Heart Realty
Source: Bright MLS,MLS#: NJSA2007706
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,835
- Total interior livable area: 2,835 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: Street
- Frontage type: Road Frontage
Lot
- Size: 0.28 Acres
- Features: Downtown
Details
- Additional structures: Above Grade
- Parcel number: 150002200007
- Zoning: LC
- Zoning description: Limited Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Triplex
Materials
- Vinyl Siding, Masonry
- Foundation: Brick/Mortar, Block
- Roof: Pitched,Shingle
Condition
- Good
- New construction: No
- Year built: 1885
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Phone, Cable Available
Community & HOA
Location
- Region: Woodstown
- Municipality: WOODSTOWN BORO
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $158,100
- Annual tax amount: $6,176
- Date on market: 5/22/2023
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional
- Exclusions: Tenants Personal Property
- Ownership: Fee Simple
- Total actual rent: 46632
- Income includes: Apartment Rentals, Professional Offices
- Road surface type: Black Top
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2023 | Sold | $270,000-15.4%$95/sqft |
Source:  Bright MLS #NJSA2007706 Report a problem | ||
| 6/27/2023 | Pending sale | $319,000$113/sqft |
Source: Bright MLS #NJSA2007706 Report a problem | ||
| 5/22/2023 | Listed for sale | $319,000+68.8%$113/sqft |
Source: Bright MLS #NJSA2007706 Report a problem | ||
| 3/24/2023 | Listing removed | -- |
Source: Bright MLS #NJSA2006436 Report a problem | ||
| 3/8/2023 | Listed for rent | $200 |
Source: Zillow Rentals #NJSA2006436 Report a problem | ||
| 9/29/2017 | Listing removed | $189,000$67/sqft |
Source: Paradym #6916752 Report a problem | ||
| 1/27/2017 | Listed for sale | $189,000+8%$67/sqft |
Source: Visual Tour #6916752 Report a problem | ||
| 5/2/2016 | Listing removed | $175,000$62/sqft |
Source: Visual Tour #6722404 Report a problem | ||
| 2/2/2016 | Listed for sale | $175,000$62/sqft |
Source: Visual Tour #6722404 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 08098
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Nearby schools
GreatSchools rating
- 7/10Mary S. Shoemaker Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Woodstown Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Woodstown High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Mary S. Shoemaker School
- Middle: Woodstown M.s.
- High: Woodstown H.s.
- District: Woodstown-pilesgrove Regi Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$342,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$342,100
- New Jersey
- Salem County
- Woodstown
- 08098
- 39 East Ave
Nearby cities
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