Bought with Yekaterina Favorito • HomeSmart First Advantage Realty
$277,000
$299,999
7.7%For more information regarding the value of a property, please contact us for a free consultation.
26 STATE ST Penns Grove, NJ 08069
3,360 SqFt
Key Details
Sold Price $277,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $82
MLS Listing ID NJSA2014366
Style A-Frame
Year Built 1945
Annual Tax Amount $7,781
Tax Year 2024
Property Sub-Type Detached
Property Description
Investment Opportunity at 24-26 State St.!
This quadplex is a fantastic addition to any investor's portfolio, offering significant potential for value appreciation. All four units are spacious one-bedrooms, with two currently occupied and two recently renovated and vacant.
Rents are well below market value, presenting an excellent opportunity to maximize cash flow with proper adjustments. The fair market rent (FMR) for this building is a minimum of $5,000/month, making it a strong income-generating asset.
Please note: The owner is an investor who has never visited the property, and both the owner and agent make no guarantees.
With a little vision and strategic updates, this property could be a high-performing addition to your client's portfolio. Don't miss out on this promising investment—schedule a viewing today!
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Exterior
Water Access N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
