Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third floor(lease exp 3/14/2024) . All new leases, well maintained, fully rented and reasonable taxes make this a sound investment in your future. Great 1031 exchange replacement property. Good exposure on Route 40 (14,729 vehicles/day- 2017- count), walking distance to downtown shopping, schools and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - over $46,000 per year and a 9% +/- CAP rate make this a good long term investment in your future. Property sold "As Is" condition.
NJSA2007706
Single Family, Triplex, Multi-Family, Other
SALEM
1885
0.28
Acres
Public
Vinyl siding
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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