218-220 South Broadway Gloucester City, NJ 08030

$690,000
0.05
Acres
1,245
SQFT
554
$/SQFT
$690,000
1,245   sf
$554 / sf
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Fully Occupied with motivated Seller. This 6 unit apartment building is now for sale and cash flowing in downtown Gloucester City. All units recently updated and inspected, lead certs on file. Great for a 1031 Exchange. Deeded as 2 twins attached to one another, this building offers split gas and electric meters in the basement with owner paying for, water and sewer. Owner is reimbursed for heat by all tenants. Annual insurance is 4800/yearly. Quarterly CCMUA is $88./ per tenant. Utility usage is $55./mo per tenant. This building has 2 individual tax bills. (218 S. Broadway is $3357./yr and 220 S. Broadway is $6450./yr). Current monthly income is $7150./mo. and is fully occupied. This building is professionally managed by Connection Property Mgt.

Fully Occupied with motivated Seller. This 6 unit apartment building is now for sale and cash flowing in downtown Gloucester City. All units recently updated and inspected, lead certs on file. Great for a 1031 Exchange. Deeded as 2 twins attached to one another, this building offers split gas and electric meters in the basement with owner paying for, water and sewer. Owner is reimbursed for heat by all tenants. Annual insurance is 4800/yearly. Quarterly CCMUA is $88./ per tenant. Utility usage is $55./mo per tenant. This building has 2 individual tax bills. (218 S. Broadway is $3357./yr and 220 S. Broadway is $6450./yr). Current monthly income is $7150./mo. and is fully occupied. This building is professionally managed by Connection Property Mgt.

  • Neighborhood
  • Type
  • County
    Camden
  • Area
    Gloucester City
  • Tax Amount
    $9,221
  • Status
    Active
  • Listing #
    NJCD2087408
  • Built
    1900
  • Lot Size
    0.05
  • Listed on site
    20 days
  • Listing Agent Id
    121193896387

Listed by:
Connection Property Management

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Gas Utilities
  • Sewer

Exterior features

  • No Pool
  • Basement

Interior Features

  • Carpet Floors
  • Wood Floors

Style

  • Colonial
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Darnell Eaton
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