Skip To Content

181 W Broad Street

BRIDGETON, NJ 08302
  • $488,000
  • STATUS: Active
  • ON SITE: 106 Days
  • ID#: NJCB2015344
UPDATED: 40 min ago
$488,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

High School:
School District:

Description

Investment Opportunity - Fully Occupied 5-Unit Rental PropertyThis well-maintained 5-unit rental property is an excellent investment opportunity. It offers a diverse mix of unit sizes to attract a range of tenants. The property is generating solid rental income, and the current tenants pay for their own utilities, with the exception of the owner covering hot water costs.Property Details:Apartment 1: Studio - Monthly rent $1,150.00Apartment 2: 1BR - Monthly rent $1,285.00Apartment 3: 1BR - Monthly rent $1,000.00Apartment 4: 1BR - Monthly rent $1,300.00Apartment 5: 2BR - Monthly rent $1,500.00Financials:Gross Rental Income: $74,820.00 per yearNet Income: Approximately $52,624.00 per yearAdditional Information:The roof on both buildings is 7 years old, reducing future maintenance costs.This property presents a solid income stream for investors. Don't miss out on this opportunity to add a well-performing rental property to your portfolio. Contact us for more details and to schedule a viewing.

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Murray & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-23T17:02:40.14.
www.mcre.com/homes/145104476
Print Image

181 W Broad Street BRIDGETON, NJ 08302

  • Price: $488,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 40 min ago
  • ID#: NJCB2015344
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1900
Built
Neighborhood:
Bridgeton City (20601)
County:
Cumberland
Area:
Bridgeton City (20601)
High School:
Bridgeton
School District:
Bridgeton Public Schools
Property Description
Investment Opportunity - Fully Occupied 5-Unit Rental PropertyThis well-maintained 5-unit rental property is an excellent investment opportunity. It offers a diverse mix of unit sizes to attract a range of tenants. The property is generating solid rental income, and the current tenants pay for their own utilities, with the exception of the owner covering hot water costs.Property Details:Apartment 1: Studio - Monthly rent $1,150.00Apartment 2: 1BR - Monthly rent $1,285.00Apartment 3: 1BR - Monthly rent $1,000.00Apartment 4: 1BR - Monthly rent $1,300.00Apartment 5: 2BR - Monthly rent $1,500.00Financials:Gross Rental Income: $74,820.00 per yearNet Income: Approximately $52,624.00 per yearAdditional Information:The roof on both buildings is 7 years old, reducing future maintenance costs.This property presents a solid income stream for investors. Don't miss out on this opportunity to add a well-performing rental property to your portfolio. Contact us for more details and to schedule a viewing.
Exterior Features

Construction Materials Mixed Garage YN No Parking Types DrivewayOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2936.00 Cooling None Heating Baseboard - ElectricRadiantRadiator Heating YN Yes Net Square Feet 2936.00

Property Features

Accessibility Features None Annual Gross Expense 22196.00 Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street S. Lawrence St Gross Income 74820.00 Heating Fuel ElectricNatural Gas Hot Water ElectricNatural Gas Municipality BRIDGETON CITY Navigable Water YN N Net Operating Income 52624.00 New Construction YN No Number Of Units Total 1 Operating Expense Includes InsuranceRepair/MaintenanceTrashWaterSewer Original MLSNumber 802723288924 Owner Pays InsuranceSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Subject to Existing Lease Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5455.00 Tax Assessment Amount 108500.00 Tax Lot 00030 Total Actual Rent 74820.00 Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of DePalma Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Murray & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-23T17:02:40.14.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802723288924-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802723288924-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802723288924-2.jpg
Logo
Murray & Co. Real Estate
123 Main Street
Frederick MD, 12345