Remarks

7 Unit Apartment Building, in a desirable rental market.
4 studios, 1 one bedroom and 2 two bedrooms, one of the 2 bedrooms has 2 bathrooms the rest have 1
Basement houses all mechanicals, has been left empty and clean by current landlord
All roofing replaced in the past 5 years
Fully Tenant Occupied
Gross Annual Income = Approx. $85,000 (leases include flat rates for utilities)
5 of the 7 leases expire this year. 5 of those could have rent raises to closer to market value.
2024 P&L Sheet available upon request.
Professionally managed by Realty Solutions with easy transfer of services to new Landlord Owner.
881 Cooper Land/Frontage – (Subdivision will be needed to complete sale)
Land Sale separately listed on:
Loopnet
Costar
Crexi

Details

MLS#: NJGL2055712
Price: $700,000

Year Built: 1950

County: GLOUCESTER
Tax Fee: 15171.0