503 N DELAWARE ST Paulsboro, NJ 08066
UPDATED:
09/30/2024 01:09 PM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,186 sqft
Price per Sqft $173
MLS Listing ID NJGL2048048
Style A-Frame
Abv Grd Liv Area 2,186
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,541
Tax Year 2023
Lot Size 4,103 Sqft
Acres 0.09
Lot Dimensions 72.00 x 0.00
Property Description
Don?t miss out on this promising quadplex, perfectly positioned on the cusp of Billingsport. With strong rental income potential and two out of four units already leased, this property is an excellent addition to any investment portfolio.
Key Features:
Complete access to the basement for all utilities, ensuring smooth management.
Current Rental Income:
Unit 1: Spacious one-bedroom with a large living room and eat-in kitchen, currently rented for $1,275.
Unit 2: Cozy one-bedroom unit generating $1,100 in rental income.
Vacant Units with Great Potential:
Unit 3: A large one-bedroom with a separate living room, offering the potential to convert into a two-bedroom. Perfect for maximizing rental income!
Unit 4: Similar layout to Unit 3, this unit could serve as a small two-bedroom or a one-bedroom with a cozy living area. It presents an opportunity for some updating, allowing you to add your personal touch.
Income Potential:
Once fully rented, anticipate a monthly income ranging from $4,500 to $5,000, depending on your rental strategy. With two units actively being shown, there?s a strong chance of securing tenants by the time of settlement.
Why Invest in 503 N Delaware?
Strategic Location: Situated near Billingsport, this property benefits from easy access to local amenities and transportation.
Value-Add Opportunity: The vacant units allow for customization and potential rent increases after updates.
Take the next step in building your investment portfolio with this fantastic quadplex. Schedule a showing today and see the potential for yourself!
Location
State NJ
County Gloucester
Area Paulsboro Boro (20814)
Rooms
Basement Full
Interior
Interior Features Built-Ins, Bathroom - Tub Shower, Cedar Closet(s), Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Dining Area, Efficiency, Wood Floors
Hot Water Natural Gas
Cooling None
Inclusions Appliances
Equipment Washer, Dryer, Water Heater
Fireplace N
Appliance Washer, Dryer, Water Heater
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
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 Paulsboro Public Schools
Others
Tax ID 14-00048-00005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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