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72 S BROAD ST Penns Grove, NJ 08069
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Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 8,388 sqft
Price per Sqft $38
MLS Listing ID NJSA2012494
Sold Date 11/26/24
Style Unit/Flat
Abv Grd Liv Area 8,388
Originating Board BRIGHT
Year Built 1943
Annual Tax Amount $8,254
Tax Year 2023
Lot Size 0.322 Acres
Acres 0.32
Lot Dimensions 75.00 x 187.00
Property Sub-Type Detached
Property Description
Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units.
The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room.
With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant.
This property is being sold as-is, where is condition.. Don't miss out on this prime investment!
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Zoning COMMERCIAL
Interior
Interior Features Carpet, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s)
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Laminated, Vinyl, Tile/Brick, Carpet
Equipment Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Fireplace N
Window Features Replacement
Appliance Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 10
Garage N
Building
Lot Description Level
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Brick
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Tax ID 08-00065-00012
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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Bought with Brooke Cocozza • BHHS Fox & Roach-Mullica Hill South