🤑 Multi-Family Rental Opportunity in Woodstown 🤑

Salem County, Woodstown, NJ, 08098
Sold
Listed at: September 28th, 2023
Price
$125,000
ARV
$300,000
Gross Margin
$175,000
Sq. Footage
4884
Type
Multifamily
Parking
Unassigned
Year build
1841
Lot size
0.47 acres
Bedrooms
6
Bathrooms
4
Half Bathrooms
0
Summary

💦 ARV: $300k +/- 💦

Repairs Level: Moderate – Heavy

Market Rent: $4,000/mo

Property Highlights:

  • Investment Potential: With its multi-family zoning and generous lot size, this property is primed for generating rental income. Renovate and configure the space to accommodate multiple rental units, catering to the growing demand for multi-family housing.
  • Rehab Opportunity: While the property requires a full rehab, this presents an excellent chance to customize and modernize the space to your specifications. Create attractive and functional rental units that will appeal to tenants.
  • Climate Control: The property is equipped with Wall/Window Unit Air Conditioning, allowing you to provide comfort to your tenants during hot summers.
  • Sturdy Roof: The roof was replaced just 10 years ago, reducing immediate maintenance costs and ensuring protection against the elements for years to come.
  • Utilities: Enjoy the convenience of city water and sewer services, simplifying property management and reducing the need for on-site septic and well systems.
  • Heating Source: The property is currently heated using oil, providing efficient warmth during the colder months.
  • No Flood Risk: Rest easy knowing that this property is not located in a flood zone, minimizing potential flood-related risks and insurance costs.
  • Vacant Possession: The property is currently vacant, allowing for a seamless transition for your renovation and rental plans.

Financing Available - Click Here!

PID # 63821

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Sergio Santa

★★★★★
★★★★★
No reviews

Disposition manager