Investor Alert!! This property consists of a Duplex AND a separate Commercial Unit. 331 Rt 168 is the address for the Duplex. Both units are currently vacant. Unit A (downstairs) is a nice sized 2 bedroom 1.5 bath unit that has access to the large unfinished basement. HUD fair market rent for 2025 in this area for a 2 bedroom is $1,880. Unit B (upstairs) is a cozy yet spacious 1 bedroom 1 bath unit. This unit has a laundry hookup at the entrance by the steps so that each tenant can do their own laundry. HUD fair market rent for 2025 in this area for a 1 bedroom is $1,580. Outside there is a small one car garage and plenty of parking available on the lot itself. And if a Duplex wasn't enough by itself, this property also has a small commercial unit on the other corner of the lot! This was previously a boxing gym but is now vacant as well. This commercial space is estimated at $1,500 monthly rent but could easily be higher depending on the renovations done and the desired future business. Buyer to do due diligence for acceptable financing. This is a mixed use property. Commercial unit and duplex share a cesspool. Water source is currently Well. That is a total estimated monthly income of almost $5,000!
NJGL2048310
Mixed Use, Other
GLOUCESTER
1926
0.47
Acres
Well
Frame
Public Sewer, Cesspool
1,000
Sq. Ft.
3 Total
School Information
WASHINGTON TOWNSHIP
Interior Features
- Cooling
- None
- Heating
- Gas Heat. Forced Air.
- Plumbing
- Gas Water Heater
Exterior / Lot Features
- Parking
- 2 Parking Spaces. On Street, Driveway.
- Exterior
- Frame
- Lot Dimensions
- 90.00 x 227.00
- Zoning
- HC
Financial Considerations
$200,000
18-00216-00027
$7,190
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