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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Jeff DeLoach • Realty Solutions LLC

$700,000

Est. payment - /mo

0.67 Acres Lot

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID NJGL2055712

Year Built 1950

Annual Tax Amount $15,171

Tax Year 2024

Lot Size 0.666 Acres

Acres 0.67

Lot Dimensions 100.00 x 290.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

7 Unit Apartment Building, in a desirable rental market.
4 studios, 1 one bedroom and 2 two bedrooms, one of the 2 bedrooms has 2 bathrooms the rest have 1
Basement houses all mechanicals, has been left empty and clean by current landlord
All roofing replaced in the past 5 years
Fully Tenant Occupied
Gross Annual Income = Approx. $85,000 (leases include flat rates for utilities)
5 of the 7 leases expire this year. 5 of those could have rent raises to closer to market value.
2024 P&L Sheet available upon request.
Professionally managed by Realty Solutions with easy transfer of services to new Landlord Owner.
881 Cooper Land/Frontage – (Subdivision will be needed to complete sale)
Land Sale separately listed on:
Loopnet
Costar
Crexi

Location

State NJ

County Gloucester

Area Deptford Twp (20802)

Zoning COMM

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling Window Unit(s)

Heat Source Electric

Exterior

Garage Spaces 7.0

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 7

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Deptford Township Public Schools

Others

Tax ID 02-00095-00001

Ownership Fee Simple

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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867 COOPER ST Deptford, NJ 08096