Paulsboro, NJ 08066,246-48 BILLINGS AVE
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Paulsboro, NJ 08066,246-48 BILLINGS AVE
Paulsboro, NJ 08066,246-48 BILLINGS AVE
Paulsboro, NJ 08066,246-48 BILLINGS AVE
Paulsboro, NJ 08066,246-48 BILLINGS AVE

$200,000

Est. payment /mo

$215,000

7.0%
Est.Price: ?

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246-48 BILLINGS AVE Paulsboro, NJ 08066

2,128 SqFt

SOLD DATE : 05/13/2022

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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Bright MLS (BMLS)
Listed by Paul Viereck • Compass New Jersey, LLC - Moorestown
Bought with Fredrick J Smith • Real of Pennsylvania

Jason Gareau

Broker

+1(609) 929-4486

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