26 STATE ST new to site Save Request In-Person Tour Request Virtual Tour
Penns Grove,NJ 08069
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $89
MLS Listing ID NJSA2014366
Style A-Frame
Abv Grd Liv Area 3,360
Originating Board BRIGHT
Year Built 1945
Annual Tax Amount $7,781
Tax Year 2024
Lot Dimensions 50.00 x 0.00
Property Sub-Type Detached
Property Description
Investment Opportunity at 24-26 State St.!
This quadplex is a fantastic addition to any investor's portfolio, offering significant potential for value appreciation. All four units are spacious one-bedrooms, with two currently occupied and two recently renovated and vacant.
Rents are well below market value, presenting an excellent opportunity to maximize cash flow with proper adjustments. The fair market rent (FMR) for this building is a minimum of $5,000/month, making it a strong income-generating asset.
Please note: The owner is an investor who has never visited the property, and both the owner and agent make no guarantees.
With a little vision and strategic updates, this property could be a high-performing addition to your client's portfolio. Don't miss out on this promising investment—schedule a viewing today!
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Inclusions all appliances
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Tax ID 08-00063-00010
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Private
Listing Terms Cash,Private
Financing Cash,Private
Special Listing Condition Standard