$270,000
$319,000
15.4%For more information regarding the value of a property, please contact us for a free consultation.
39 EAST AVE Woodstown, NJ 08098
2,835 SqFt
Key Details
Sold Price $270,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,835 sqft
Price per Sqft $95
MLS Listing ID NJSA2007448
Sold Date 10/04/23
HOA Y/N N
Originating Board BRIGHT
Year Built 1885
Annual Tax Amount $6,176
Tax Year 2022
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 51 X 242
Property Description
Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third floor(lease exp 3/14/2024) . All new leases, well maintained, fully rented and reasonable taxes make this a sound investment in your future. Great 1031 exchange replacement property. Good exposure on Route 40 (14,729 vehicles/day- 2017- count), walking distance to downtown shopping, schools and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - over $46,000 per year and a 9% +/- CAP rate make this a good long term investment in your future.
Location
State NJ
County Salem
Area Woodstown Boro (21715)
Zoning LC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Flooring Carpet
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
View Street
Roof Type Pitched,Shingle
Street Surface Black Top
Accessibility None
Road Frontage State
Garage N
Building
Lot Description Road Frontage
Sewer Public Sewer
Water Public
Structure Type Plaster Walls
New Construction N
Schools
Elementary Schools Mary Shoem
Middle Schools Woodstown M.S.
High Schools Woodstown H.S.
School District Woodstown-Pilesgrove Regi Schools
Others
Tax ID 15-00022-00007
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Gina Knowles • Home and Heart Realty
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