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12 E Broad Street

GIBBSTOWN, NJ 08027
  • $360,000
  • STATUS: Active Under Contract
  • ON SITE: 72 Days
  • ID#: NJGL2018732
Under Contract
UPDATED: 14 min ago
$360,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,300
    SQFT
  • $157
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Information

High School:
School District:

Description

Effective November new rental income $3,750/month, $45,000/year gross income.Expenses proforma 2022 estimated, $16,023.Proforma Gross Profit before financing: $28,977TWENTY FOUR HOURS NOTICE TO VIEW APARTMENTS AS PER LEASERecently renovated triplex, tenants in place. Ample off street parking for 6 plus cars.Tenants pay gas & electric and cable/tv/internet. landlord pays sewer and water.Two, 2 bedroom apartments Apt A & C. One, 1 bedroom apartment Apt BApt A $1300/mo., Apt B $1350/mo., Apt C $1100/mo..Projected cash on cash return at 20% down payment ($72,000), 6% 25yr amort. 9.17%

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T19:50:40.653.
www.locomusings.com/homes/133388852
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12 E Broad Street GIBBSTOWN, NJ 08027

  • Price: $360,000
  • Status: Active Under Contract
  • On Site: 72 Days
  • Updated: 14 min ago
  • ID#: NJGL2018732
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,300
SQFT
$157
$/SQFT
1922
Built
Neighborhood:
Greenwich Twp (20807)
County:
Gloucester
Area:
Greenwich Twp (20807)
High School:
Paulsboro
School District:
Paulsboro Public Schools
Property Description
Effective November new rental income $3,750/month, $45,000/year gross income.Expenses proforma 2022 estimated, $16,023.Proforma Gross Profit before financing: $28,977TWENTY FOUR HOURS NOTICE TO VIEW APARTMENTS AS PER LEASERecently renovated triplex, tenants in place. Ample off street parking for 6 plus cars.Tenants pay gas & electric and cable/tv/internet. landlord pays sewer and water.Two, 2 bedroom apartments Apt A & C. One, 1 bedroom apartment Apt BApt A $1300/mo., Apt B $1350/mo., Apt C $1100/mo..Projected cash on cash return at 20% down payment ($72,000), 6% 25yr amort. 9.17%
Exterior Features

Architectural Style Other Construction Materials Aluminum Siding Garage YN No Other Structures Above Grade Parking Features Private Parking Types DrivewayParking Lot Pool No Pool Property Condition Good Riparian Rights YN No Roof PitchedShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2300 Basement Full Basement YN Yes Cooling Central A/C Exclusions Tenants Personal Property Fireplace YN No Flooring Ceramic TileLaminatedLuxury Vinyl PlankVinyl Heating Baseboard - Hot WaterBaseboard - Electric Heating YN Yes Inclusions Washers/DryersDishwashersRefridgerators Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventionalExchangeVa Accessibility Features None Assessment Year 2022 Central Air YN Yes Cooling Fuel Electric Cross Street Democrat Electric 120/240V Existing Lease Type Month To MonthYearly Foundation Details Block Gross Income 45000.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural GasElectric Insurance Expense 5723.00 Internet Services CableSatelliteFixed Wireless Maintenance Expense 1600.00 Municipality Greenwich Twp Navigable Water YN N Net Operating Income 33977.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense 11023.00 Operating Expense Includes Snow RemovalInsurance Original MLSNumber 801735987100 Owner Pays InsuranceLawn/Shrub CareRepairsSewerWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 5255.00 Tax Assessment Amount 163000.00 Tax Lot 00002 01 Total Actual Rent 45000.00 Utilities Cable Tv AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning Res

Listing courtesy of Resource Realty: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T19:50:40.653.
 
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