Another Property Sold - 181 W Broad Street, Bridgeton, NJ 08302

by Larry DePalma 08/06/2024

181 W Broad Street, Bridgeton, NJ 08302
CommercialSold
List Price $488,000
Sold Price $437,500
181 W Broad Street
Bridgeton, NJ 08302
Listed by: DePalma Realty, 8563646697
MLS: Bright MLS
2,936Sq Ft
Est. Mortgage
$2,619/mo

Investment Opportunity - Fully Occupied 5-Unit Rental Property This well-maintained 5-unit rental property is an excellent investment opportunity. It offers a diverse mix of unit sizes to attract a range of tenants. The property is generating solid rental income, and the current tenants pay for their own utilities, with the exception of the owner covering hot water costs. Property Details: Apartment 1: Studio - Monthly rent $1,150.00 Apartment 2: 1BR - Monthly rent $1,285.00 Apartment 3: 1BR - Monthly rent $1,400.00 Apartment 4: 1BR - Monthly rent $1,300.00 Apartment 5: 2BR - Monthly rent $1,500.00 Financials: Gross Rental Income: $74,820.00 per year Net Income: Approximately $52,624.00 per year Additional Information: The roof on both buildings is 7 years old, reducing future maintenance costs. This property presents a solid income stream for investors. Don't miss out on this opportunity to add a well-performing rental property to your portfolio. Contact us for more details and to schedule a viewing. Property is being sold in AS IS condition.

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About the Author
Author

Larry DePalma

Hi, I'm Larry DePalma and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.