$400,000
$424,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
231 S BLACK HORSE PIKE Blackwood, NJ 08012
0.26 Acres Lot
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD2054556
Sold Date 02/21/24
Style Other
Originating Board BRIGHT
Year Built 1973
Annual Tax Amount $10,512
Tax Year 2022
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 87 x 121
Property Description
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.
Location
State NJ
County Camden
Area Gloucester Twp (20415)
Zoning COMM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 15.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Total Parking Spaces 15
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Black Horse Pike Regional Schools
Others
Tax ID 15-12501-00005
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Kevin Piccolo • Piccolo Realty, LLC