Woodstown, NJ 08098,39 EAST AVE
Woodstown, NJ 08098,39 EAST AVE
Woodstown, NJ 08098,39 EAST AVE
Woodstown, NJ 08098,39 EAST AVE
Woodstown, NJ 08098,39 EAST AVE
Woodstown, NJ 08098,39 EAST AVE
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$270,000

$319,000

15.4%
Est.Price: ?

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Est. payment /mo

2,835 SqFt


SOLD DATE : 10/04/2023

Key Details

Sold Price $270,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,835 sqft

Price per Sqft $95

MLS Listing ID NJSA2007706

Sold Date 10/04/23

Style Colonial

Abv Grd Liv Area 2,835

Originating Board BRIGHT

Year Built 1885

Annual Tax Amount $6,176

Tax Year 2022

Lot Size 0.280 Acres

Acres 0.28

Property Description

Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third floor(lease exp 3/14/2024) . All new leases, well maintained, fully rented and reasonable taxes make this a sound investment in your future. Great 1031 exchange replacement property. Good exposure on Route 40 (14,729 vehicles/day- 2017- count), walking distance to downtown shopping, schools and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - over $46,000 per year and a 9% +/- CAP rate make this a good long term investment in your future. Property sold "As Is" condition.

Location

State NJ

County Salem

Area Woodstown Boro (21715)

Zoning LC

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Flooring Carpet

Heat Source Natural Gas

Exterior

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

Water Access N

View Street

Roof Type Pitched,Shingle

Street Surface Black Top

Accessibility None

Road Frontage State

Garage N

Building

Lot Description Road Frontage

Foundation Brick/Mortar, Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade

Structure Type Masonry

New Construction N

Schools

Elementary Schools Mary S. Shoemaker School

Middle Schools Woodstown M.S.

High Schools Woodstown H.S.

School District Woodstown-Pilesgrove Regi Schools

Others

Tax ID 15-00022-00007

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Richard G Warner • Warner Real Estate & Auction Company
Bought with Gina Knowles • Home and Heart Realty
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