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231 S Black Horse Pike

BLACKWOOD, NJ 08012
  • $400,000
  • STATUS: Closed
  • ON SITE: 316 Days
  • ID#: NJCD2054556
Sold - 02/21/2024
$400,000
SOLD - 02/21/2024
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

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.

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©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 Holloway Real Estate Group | eXp Realty. 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: 2024-07-18T07:52:37.167.
www.njhousehunter.com/homes/143091805
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231 S Black Horse Pike BLACKWOOD, NJ 08012

  • Price: $424,900
  • Status: Closed
  • On Site: 316 Days
  • Updated: 89 min ago
  • ID#: NJCD2054556
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1973
Built
Neighborhood:
Gloucester Twp (20415)
County:
Camden
Area:
Gloucester Twp (20415)
School District:
Black Horse Pike Regional Schools
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.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Location Type Suburban Parking Types Parking Lot Pool No Pool Property Condition Average Riparian Rights YN No Roof PitchedShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Buyer Financing Cash Central Air YN Yes Close Sale Terms Standard Sale Cooling Fuel Electric Cross Street Cressmont Ave Foundation Details Slab Heating Fuel Natural Gas Hot Water Natural Gas Municipality GLOUCESTER TWP Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802590800030 Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 10512.00 Tax Assessment Amount 247300.00 Tax Lot 00005 Utilities Cable TV AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning COMM

Listing courtesy of Piccolo Realty, LLC: .


©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 Holloway Real Estate Group | eXp Realty. 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: 2024-07-18T07:52:37.167.
 
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Holloway Real Estate Group | eXp Realty
102 Centre Blvd. Suite J
Marlton NJ, 08053