231 S Black Horse Pike, Blackwood, NJ, NJ 08012
- $400,000
- Sold Price
- $400,000
- List Price
- $424,900
- Closing Date
- Feb 21, 2024
- Days on Market
- 130
- Status
- CLOSED
- MLS#
- NJCD2054556
- Lot Size (Acres)
- 0.26
- Style
- Other
- Year Built
- 1973
- County
- Camden
- School District
- Black Horse Pike Regional Schools
Property Description
This property consists of 2 commercial units on the first floor which have long term tenants on month-to-month leases and 2 residential units on the second floor, also long term month-to-month tenants. All tenants have their own heat and electric. Landlord pays water and sewer. Current monthly rents totaling +/- $37,000.00 per year are well below market value. This is an outstanding investment opportunity which offers a huge upside potential. This building could be purchased by an investor for passive income or could be used as an owner/occupant affording them substantial monthly income. The property is well kept, but could use some cosmetic updates within the residential units. Seller to have a brand new silicone roof installed on the building w/10 year warranty. Property is a stone's throw from the Gloucester Premium Outlets, a thriving +/- 1,000 square foot fashion outlet.
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Additional Information
- Area
- Gloucester Twp (20415)
- Taxes
- $10512
- Stories
- 2
- School District
- Black Horse Pike Regional Schools
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Pitched, Shingle
- Utilities
- Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Piccolo Realty, LLC. Contact: (856) 228-5353
Selling Office: .