648-650 N Broad St, Woodbury, New Jersey, United States

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Home For Sale

$299,000

648-650 N Broad St
Woodbury, New Jersey, United States

4bd

Listed By: Realtyww Info

Listed On: 05/12/2023

Listing ID: GL10556880 View More Details

Description

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.

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Listed by: Tesla Realty Group Llc