39 East Ave, Woodstown, New Jersey, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$319,000

39 East Ave
Woodstown, New Jersey, United States

3bd

Listed By: Realtyww Info

Listed On: 05/24/2023

Listing ID: GL10412468 View More Details

Description

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.

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Listed by: Warner Real Estate Auction