$200,000
$215,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
246-48 BILLINGS AVE Paulsboro, NJ 08066
2,128 SqFt
Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,128 sqft
Price per Sqft $93
Subdivision Billingsport
MLS Listing ID NJGL2007844
Style Colonial,Side-by-Side
Year Built 1910
Annual Tax Amount $6,225
Tax Year 2021
Lot Size 6,750 Sqft
Property Description
Turn your cash into cashflow! Unique value in Desirable Billingsport. Move fast to see this impressive multi-unit property (plus a bonus lot!) on a quiet street in one of South Jersey's hottest markets. This duplex, consisting of 2, 3 bedroom 1 bathroom, units is currently leased for $2,650/month total with the detached garage capable of generating additional income. Each unit has a main floor, full basement, upstairs, and attic. The current condition is average relative to comparably priced properties and both units are current on their yearly municipal inspections. Multi-family properties in Gloucester County have surged in value over 52% in the past calendar year and there is currently a shortage of rental inventory available. An added feature of this property is a second building lot with a detached garage. This structure can generate additional income or serve as dedicated space for a hobbyist or just additional storage. More ambitious buyers could seek to develop this lot but would need to consult with the appropriate municipal authorities to determine the feasibility of any intended use. You're encouraged to learn more about this opportunity but please do not disturb the current tenants. Only individuals with an approved appointment are permitted to access/walk the property, NO EXCEPTIONS.
Location
State NJ
County Gloucester
Area Paulsboro Boro (20814)
Zoning RES
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Exterior
Water Access N
Building
Lot Description Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Billingsport E.S.
Middle Schools Paulsboro
High Schools Paulsboro H.S.
School District Paulsboro Public Schools
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Fredrick J Smith • Real of Pennsylvania