Blackwood, NJ 08012,231 S BLACK HORSE PIKE
$400,000
$424,900
5.9%
Est.Price: ?

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0.26 Acres Lot

231 S BLACK HORSE PIKE Blackwood, NJ 08012

Est. payment /mo
SOLD DATE : 02/21/2024

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Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NJCD2054556

Sold Date 02/21/24

Style Other

Originating Board BRIGHT

Year Built 1973

Annual Tax Amount $10,512

Tax Year 2022

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 87 x 121

Property Description

This property consists of 2 commercial units on the first floor which have long term tenants on month-to-month leases and 2 residential units on the second floor, also long term month-to-month tenants. All tenants have their own heat and electric. Landlord pays water and sewer. Current monthly rents totaling +/- $37,000.00 per year are well below market value. This is an outstanding investment opportunity which offers a huge upside potential. This building could be purchased by an investor for passive income or could be used as an owner/occupant affording them substantial monthly income. The property is well kept, but could use some cosmetic updates within the residential units. Seller to have a brand new silicone roof installed on the building w/10 year warranty. Property is a stone's throw from the Gloucester Premium Outlets, a thriving +/- 1,000 square foot fashion outlet.

Location

State NJ

County Camden

Area Gloucester Twp (20415)

Zoning COMM

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 15.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Water Access N

Roof Type Pitched,Shingle

Accessibility None

Total Parking Spaces 15

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Black Horse Pike Regional Schools

Others

Tax ID 15-12501-00005

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Kevin Piccolo • Piccolo Realty, LLC
Bought with Kevin Piccolo • Piccolo Realty, LLC

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Josh Heller

Owner | License ID: RS338767 / NMLS #2348781

+1(717) 200-4148

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