Bought with Eric Strohm • Keystone State Properties Group
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Key Details
Sold Price $507,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,939 sqft
Price per Sqft $172
MLS Listing ID NJGL2074970
Sold Date 10/16/26
Style Ranch/Rambler
Abv Grd Liv Area 2,939
Year Built 1958
Annual Tax Amount $10,529
Tax Year 2018
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Detached
Source BRIGHT
Property Description
Excellent investment opportunity! Income-producing legal triplex offering nearly 3,000 square feet of living space and featuring three spacious 4-bedroom, 2-bathroom units. Two units are currently occupied and generating immediate rental income with leases in place at $2,500/month and $2,450/month, both extending for approximately another year. Two of the units have been extensively renovated, offering updated finishes and strong tenant appeal. The third unit requires a complete renovation, presenting significant upside potential for investors seeking to increase cash flow and value. Situated on a large lot with commercial zoning, this property offers flexibility and future development possibilities. Whether you're looking to expand your portfolio or capitalize on a value-add opportunity, this property delivers both current income and long-term potential.
Location
State NJ
County Gloucester
Area Monroe Twp (20811)
Zoning RES
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Flooring Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Shingle
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 2939
Sewer On Site Septic
Water Well
Architectural Style Ranch/Rambler
Additional Building Above Grade
New Construction N
Schools
School District Monroe Township
Others
Tax ID 11-04103-00036
Ownership Fee Simple
SqFt Source 2939
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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