Cinnaminson, NJ 08077,1507 BROAD ST.
Cinnaminson, NJ 08077,1507 BROAD ST.
Cinnaminson, NJ 08077,1507 BROAD ST.
Cinnaminson, NJ 08077,1507 BROAD ST.
Cinnaminson, NJ 08077,1507 BROAD ST.
Cinnaminson, NJ 08077,1507 BROAD ST.
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$925,000

$995,000

7.0%
Est.Price: ?

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Est. payment /mo

4,692 SqFt


SOLD DATE : 03/22/2024

Key Details

Sold Price $925,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,692 sqft

Price per Sqft $197

MLS Listing ID NJBL2051300

Sold Date 03/22/24

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $4,784

Tax Year 2022

Lot Size 3,672 Sqft

Acres 0.08

Property Description

Exceptional investment opportunity in Cinnaminson, NJ, situated on Broad Street – Prime location in proximity to downtown and the Riverline. Discover this six-unit property meticulously maintained and impressively presented property boasting a stellar rental track record over time.

This well kept six-unit building consists of spacious two bedroom apartments that can rent for as much as $1,500 per month, rent is significantly below prevailing market rates for the area. With long term tenants paying their own utilities, each unit has its own separate balcony and entrance, property features a shared rear parking lot. Many upgrades throughout including new hot water heaters and two newly renovated units.

Don't miss this golden opportunity for a savvy investment venture with incredible income potential and low overhead. Taxes are under $5,000 and a potential cap rate of 8.40%

Location

State NJ

County Burlington

Area Cinnaminson Twp (20308)

Zoning RES

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Waterfront N

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cinnaminson Township Public Schools

Others

Tax ID 08-00402-00004

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jeffrey Senges • BHHS Fox & Roach-Marlton
Bought with Wallace Chaves • Keller Williams Realty - Moorestown
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