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Property view

648-650 N Broad St, 
Woodbury, NJ 08096

$275,000


4

Beds


Bath


2,208

Sq Ft


Multi-Family

Sold

Listed by

John Rinick

Bought with Tesla Realty Group LLC

Tesla Realty Group LLC., 8448375274, bob.kalatschinow@teslarealtygroup.com

MLS#

NJGL2029218

Source:

BRIGHTMLS

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About This Home

648-650 N Broad St

Come check out this income earning QUAD today! Four - 1 bed 1 bath units Contact the listing agent for all financials that have to do with this property 648A - $865 Per mo- Section 8 long term tenant 648B- $925 Per mo 650A- $1,050 potential rent once rehabbed 650B- $950 Per mo Each unit us due for a rent increase once leases end. Two units leases are up in November and the section 8 tenant just got a new HAP contract. Three of the Four units are occupied all PAYING tenants with leases in tact. Unit 650 A is vacant and just has been cleaned out. Needs work! EXPENSES Common Gas (Hot water, whole house)/common area electric(lights) $1300/ year Taxes $8400/year Water/sewer $3300/year Insurance $2000 Building has four gas boilers, all separately metered. Tenants pay gas heat. One was replaced 02/2023 Building has a whole house tankless hot water heater that was replaced 02/2023. Owner pays this bill. Building has property management in place for 8% of gross rents. The property is being sold AS-IS. The buyer is responsible for all inspections, including but not limited to certificate of occupancy and fire inspection.

Home Facts

Multi-Family

4 Bedrooms

Built in 1930

Price Summary

299,000

$135 per Sq. Ft.

MLS #:

NJGL2029218

Sold:

August 31, 2023


Rooms & Interior

Bedrooms

Total Bedrooms:

4


Structure

Structure

Architectural Style:

A-Frame

Building Area:

2,208 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$299,000

Price per Sq. Ft:

$135 per Sq. Ft.

Source:BRIGHTMLS
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