Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units. The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room. With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant. This property is being sold as-is, where is condition.. Don't miss out on this prime investment!
Sold for $320,000
$320,000
72 S Broad St, Penns Grove, NJ 08069
11beds
4baths
8,388sqft
Quadruplex
Built in 1943
-- sqft lot
$387,100 Zestimate®
$38/sqft
$1,245 Estimated rent
Home value
$387,100
$290,000 - $530,000
$1,245/mo
Zestimate® history
Owner options
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$1,245/mo
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$1,245/mo
Rent Zestimate®
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$2,402/mo
Est. payment
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$2,402/mo
Est. payment
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List your homeWhat's special
Spacious eat-in kitchenGated parking lotLarge commercial spaceLaundry roomDining areaThree spacious apartments
Zillow last checked:
Listing updated:
Listed by:
Luke Romano 856-261-2894,
Romano Realty,
Listing Team: The Romano Team
Bought with:
Brooke Cocozza
BHHS Fox & Roach-Mullica Hill South
Source: Bright MLS,MLS#: NJSA2012494
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Electric Water Heater, Gas Water Heater
Features
- Open Floorplan, Eat-in Kitchen, Kitchen Island, Primary Bath(s), Dry Wall
- Flooring: Laminate, Vinyl, Tile/Brick, Carpet
- Doors: Six Panel
- Windows: Replacement
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 8,388
- Total interior livable area: 8,388 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved, On Street, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Lighting, Sidewalks, Street Lights
- Pool features: None
Lot
- Size: 0.32 Acres
- Dimensions: 75.00 x 187.00
- Features: Level
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 080006500012
- Zoning: COMMERCIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Block, Brick, Stone
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Penns Grove
- Municipality: PENNS GROVE BORO
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Other
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2024 | Sold | $320,000-8.5%$38/sqft |
Source:  Bright MLS #NJSA2012494 Report a problem | ||
| 11/25/2024 | Pending sale | $349,900$42/sqft |
Source: Bright MLS #NJSA2012494 Report a problem | ||
| 11/6/2024 | Contingent | $349,900$42/sqft |
Source: Bright MLS #NJSA2012494 Report a problem | ||
| 10/24/2024 | Listed for sale | $349,900+4.4%$42/sqft |
Source: Bright MLS #NJSA2012494 Report a problem | ||
| 9/5/2024 | Listing removed | $335,000$40/sqft |
Source: Bright MLS #NJSA2010524 Report a problem | ||
| 7/16/2024 | Pending sale | $335,000$40/sqft |
Source: Bright MLS #NJSA2010524 Report a problem | ||
| 6/7/2024 | Listed for sale | $335,000$40/sqft |
Source: Bright MLS #NJSA2010524 Report a problem | ||
| 4/19/2024 | Pending sale | $335,000$40/sqft |
Source: Bright MLS #NJSA2010524 Report a problem | ||
| 3/27/2024 | Listed for sale | $335,000-4.3%$40/sqft |
Source: Bright MLS #NJSA2010524 Report a problem | ||
| 7/3/2023 | Listing removed | $349,900$42/sqft |
Source: Bright MLS #NJSA2005878 Report a problem | ||
| 1/11/2023 | Pending sale | $349,900$42/sqft |
Source: Bright MLS #NJSA2005878 Report a problem | ||
| 12/20/2022 | Price change | $349,900+16.7%$42/sqft |
Source: Bright MLS #NJSA2005878 Report a problem | ||
| 11/1/2022 | Listed for sale | $299,900$36/sqft |
Source: Bright MLS #NJSA2005878 Report a problem | ||
| 6/19/2015 | Listing removed | -- |
Source: Hudson & Marshall Report a problem | ||
| 3/11/2015 | Listed for sale | -- |
Source: Hudson & Marshall Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 08069
Nearby schools
GreatSchools rating
- 2/10Paul W. Carleton Elementary SchoolGrades: 4-5Distance: 0.5 mi
- 3/10Penns Grove Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Penns Grove High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Penns Grove-carneys Point 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
$387,100
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
$387,100
- New Jersey
- Salem County
- Penns Grove
- 08069
- 72 S Broad St
Nearby cities
Nearby zip codes
Other Penns Grove Topics
