72 S Broad Street Penns Grove, NJ $ 349,900
72 S Broad Street
$ 349,900
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72 S Broad Street

Penns Grove, NJ, 08069
$ 349,900
Bedrooms12 Baths0.0

Monthly Estimate*

$ 2,096

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Multi-Family Home for sale in Penns Grove, NJ

for $349,900 with 12 bedrooms. This home was built in 1943 on a lot size of 0.32.

Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units. The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room. With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant. This property is being sold as-is, where is condition.. Don't miss out on this prime investment!

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Multi-Family Active

Price

$ 349,900

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 8,254

Style

Unit/Flat

Lot Size

0.32

Year Built

1943

Town/City

Penns Grove

County/Region

Salem

MLS | Web ID

NJSA2012494

Features
General
Interior Features Carpet Floor Plan - Open Kitchen - Eat-In Kitchen - Island Primary Bath(s)
Sewer Public Sewer
Heating Forced Air
Cooling Window Unit(s)
Possession 0-30 Days CD
Roof Flat
Appliances Dryer Oven/Range - Electric Refrigerator Washer Water Heater
Exterior Features Exterior Lighting Sidewalks Street Lights
Zoning COMMERCIAL
Architectural Style Unit/Flat
Security Features Security System
Construction Materials Block Brick Stone
School District PENNS GROVE-CARNEYS POINT SCHOOLS
Year Built 1943
Electric 200+ Amp Service Circuit Breakers
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PENNS GROVE BORO
Accessibility None
County SALEM
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 25
Status ACTIVE
Directions Right hand side of S Broad St.
City PENNS GROVE
NumberOfUnitsTotal 4
MLS Area Penns Grove Boro (21708)
Lot Size Units Square Feet
Lot Size Square Feet 14026.00
Waterfront Y/N N
Tax Annual Amount 8254.0
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total AG 41.71
Acceptable Financing Cash Other
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00012
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Interior
Heating Fuel Natural Gas
Flooring Laminated Vinyl Tile/Brick Carpet
Hot Water Electric Natural Gas
Total Stories 2
Furnished Units None
Basement (Y/N) N
Heating Y/N Y
Window Features Replacement
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Parking Features Paved Parking
Lot Features Level
Water Source Public
Type of Parking On Street Parking Lot
Foundation Details Slab
Water View Y/N N
Lot Dimensions 75.00 x 187.00
Lot Size Acres 0.32
Lot Size Source Assessor
Door Features Six Panel
Land Assessed Value 20000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 72
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* Excluded Features
List By
Romano Realty

Broker

luke@theromanoteam.net

Email

Affordability Calculator

$2,783
Per Month
75%
25%
0%
Monthly Principal & Interest
$2,096
Monthly Property Taxes
$688
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533255 Elementary School
3535212 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2024$349,900 Listed Price

Map


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72 S Broad Street, Penns Grove, NJ, 08069 is a Multi-Family Home for sale at $349,900 with a lot size of 0.32. 72 S Broad Street has 12 bedrooms, 0.0 baths, and was built in 1943. The property's zip code is 08069 which is in Penns Grove, NJ