UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $88
Subdivision None Available
MLS Listing ID NJCB2021534
Style Other
Abv Grd Liv Area 6,000
Year Built 1923
Available Date 2024-12-06
Annual Tax Amount $5,135
Tax Year 2023
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 132 x 263
Property Sub-Type Detached
Source BRIGHT
Property Description
Mixed-use property: Includes a 2,000 sq. ft. commercial storefront and four two bedroom residential apartments ..
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic installed 2020 and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.
Location
State NJ
County Cumberland
Area Deerfield Twp (20603)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas, Electric
Cooling Ceiling Fan(s), Wall Unit
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Street Surface Black Top
Accessibility None
Total Parking Spaces 12
Garage N
Building
Lot Description Cleared, Corner, Level, Open
Foundation Block, Brick/Mortar
Sewer On Site Septic
Water Private
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Cumberland Reg
School District Cumberland Regional
Others
Tax ID 03-00046-00009
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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