Property
Bridgeton, NJ 08302 181 W Broad Street
$488,000
0 more
Presented By: DePalma Realty
SQFT • 2,936
Home Details
Investment Opportunity - Fully Occupied 5-Unit Rental Property
This 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 $1,150.00
Apartment 2: 1BR - Monthly rent $1,285.00
Apartment 3: 1BR - Monthly rent $1,000.00
Apartment 4: 1BR - Monthly rent $1,300.00
Apartment 5: 2BR - Monthly rent $1,500.00
Financials:
Gross Rental Income: $74,820.00 per year
Net Income: Approximately $52,624.00 per year
Additional 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.
Property is being sold in AS IS condition.
Presented By: DePalma Realty
Interior Features for 181 W Broad Street
Other Interior Features
Central Air Y/NNo
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterElectric, Natural Gas
General for 181 W Broad Street
AccessibilityNone
Business TypeApartment Building
Buyer Agent Compensation0.5
Buyer Agent Compensation Type% Of Gross
Cap Rate10.78
CityBRIDGETON
Construction MaterialsMixed
Cool FuelNone
CoolingNone
CountyCUMBERLAND
Days on Market226
DirectionsTake Broad St PIQ is between Giles St and Lawrence St
Gross Income74820.00
HeatingBaseboard - Electric, Radiant, Radiator
Lot Size Square Feet5284.00
Lot Size UnitsSquare Feet
MLS AreaBridgeton City (20601)
ModificationTimestamp2024-05-31T14:12:52
MunicipalityBRIDGETON CITY
Net Operating Income52624.00
New ConstructionNo
NumberOfUnitsTotal1
OwnerPaysInsurance, Sewer, Taxes - Real Estate, Trash Collection, Water
Percent OwnershipFee Simple
PossessionSubject to Existing Lease
Price Per Sq Ft Total AG166.21
Property SubTypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount5506.0
Tax Assessed Value108500.0
Tax Lot00030
Tax Year2023
Total Actual Rent74820.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningR
Exterior for 181 W Broad Street
Building Area Total2936.00
Car Parking Spaces2
Land Assessed Value3300.00
Land Use Code
Lot Dimensions35.00 x 151.00
Lot Size Acres0.12
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces2
Type of ParkingDriveway, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate