UPDATED:
11/08/2024 06:08 AM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,888 sqft
Price per Sqft $231
MLS Listing ID NJBL2075956
Style Dwelling with Rental
Abv Grd Liv Area 3,888
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $12,541
Tax Year 2024
Lot Size 2,640 Sqft
Acres 0.06
Property Description
This FULLY occupied 4-unit Multifamily property in Florence, NJ at 202 Foundry Street presents an excellent investment opportunity. The property features four rental units with long-term tenants, offering one 3-Bedroom unit; one 2-Bedroom unit; & two 1-Bedroom units. Conveniently located near I-295 and the NJ Turnpike, it provides easy access to Philadelphia and New York City.
Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income.
Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location.
Location
State NJ
County Burlington
Area Florence Twp (20315)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade
New Construction Y
Schools
School District Florence Township Public Schools
Others
Tax ID 15-00014-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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