Penns Grove, NJ 08069,72 S BROAD ST
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Penns Grove, NJ 08069,72 S BROAD ST
Penns Grove, NJ 08069,72 S BROAD ST
Penns Grove, NJ 08069,72 S BROAD ST
Penns Grove, NJ 08069,72 S BROAD ST
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Under Contract

72 S BROAD ST Penns Grove, NJ 08069

8,388 SqFt


UPDATED:

11/06/2024 02:36 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 8,388 sqft

Price per Sqft $41

MLS Listing ID NJSA2012494

Style Unit/Flat

Abv Grd Liv Area 8,388

Originating Board BRIGHT

Year Built 1943

Annual Tax Amount $8,254

Tax Year 2023

Lot Size 0.322 Acres

Acres 0.32

Lot Dimensions 75.00 x 187.00

Property Description

Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units.

The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room.

With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant.

This property is being sold as-is, where is condition.. Don't miss out on this prime investment!

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning COMMERCIAL

Interior

Interior Features Carpet, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s)

Hot Water Electric, Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Flooring Laminated, Vinyl, Tile/Brick, Carpet

Equipment Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater

Fireplace N

Window Features Replacement

Appliance Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type On Street, Parking Lot

Total Parking Spaces 10

Garage N

Building

Lot Description Level

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Brick

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Tax ID 08-00065-00012

Ownership Fee Simple

SqFt Source Assessor

Security Features Security System

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Lucas M Romano • Romano Realty

Gina Romano

Broker | License ID: 0456891

+1(856) 261-2894

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72 S BROAD ST