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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by Carla Cornick • Coldwell Banker Realty

$270,000

Est. payment - /mo

1.02 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID NJSA2016186

Style Other

Year Built 1920

Annual Tax Amount $6,255

Tax Year 2023

Lot Size 1.020 Acres

Acres 1.02

Lot Dimensions 50.00 x 170.00

Property Sub-Type Detached

Source BRIGHT

Property Description

This 4-unit mixed-use property presents a tremendous opportunity and includes two storefronts (totaling 4,024 sq. ft.) along with a separate two-unit duplex (2,250 sq. ft.). The duplex is fully rented with cooperative tenants, generating $1,575 per month for the 3BR/1BA unit and $1,350 per month for the 2BR/1BA unit, for a total annual rental income of $35,100. Both residential units are separately metered.

The commercial buildings offer significant potential for renovation and can be adapted for a wide variety of uses. The property is being sold strictly as-is, with the buyer responsible for all due diligence. Please note that this property may not qualify for conventional financing. Acceptable financing options include cash purchase, hard money loan, or commercial loan. Sold strictly AS-IS . Bring all offers!

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning MIXED

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Multi Units, Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Tax ID 08-00065-00013

Ownership Fee Simple

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA, 22102

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80 S BROAD ST Penns Grove, NJ 08069