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

$320,000

Est. payment /mo

$349,900

8.5%
Est.Price: ?

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72 S BROAD ST Penns Grove, NJ 08069

8,388 SqFt

SOLD DATE : 11/26/2024

Key Details

Sold Price $320,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 8,388 sqft

Price per Sqft $38

MLS Listing ID NJSA2012494

Sold Date 11/26/24

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

Water Access N

Roof Type Flat

Accessibility None

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

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Bright MLS (BMLS)
Listed by Lucas M Romano • Romano Realty
Bought with Brooke Cocozza • BHHS Fox & Roach-Mullica Hill South

Tracy Marshall

License ID: 678268

+1(443) 306-7673

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