Seller's Agent in 2023
Robert Gentile
Resource Realty
(856) 304-9880
1 in this area
4 Total Sales
12 E Broad St Gibbstown, NJ 08027
Estimated Value: $373,000 - $458,000
Studio
--
Bath
2,300
Sq Ft
$183/Sq Ft
Est. Value
Highlights
- Shed
- Central Air
- Hot Water Baseboard Heater
- Ceramic Tile Flooring
- Electric Baseboard Heater
About This Home
As of January 2023Effective November new rental income $3,750/month, $45,000/year gross income.
Expenses proforma 2022 estimated, $16,023.
Proforma Gross Profit before financing: $28,977
TWENTY FOUR HOURS NOTICE TO VIEW APARTMENTS AS PER LEASE
Recently renovated triplex, tenants in place. Ample off street parking for 6 plus cars.
Tenants pay gas & electric and cable/tv/internet.
landlord pays sewer and water.
Two, 2 bedroom apartments Apt A & C. One, 1 bedroom apartment Apt B
Apt A $1300/mo., Apt B $1350/mo., Apt C $1100/mo..
Projected cash on cash return at 20% down payment ($72,000), 6% 25yr amort. 9.17%
Last Agent to Sell the Property
(856) 727-0700 jdavis@resource-realty.com Resource Realty License #0226192 Listed on: 10/14/2022
Last Buyer's Agent
(610) 566-5182 akraft1700@yahoo.com CG Realty, LLC License #1860767
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,255
Year Built
- Built in 1922 | Remodeled in 2021
Lot Details
- 7,500 Sq Ft Lot
- Property is in good condition
Home Design
- Triplex
- Block Foundation
- Pitched Roof
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,300 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Laminate
- Ceramic Tile
- Luxury Vinyl Plank Tile
Parking
- 6 Open Parking Spaces
- 7 Parking Spaces
- 1 Driveway Space
- Private Parking
- Parking Lot
Outdoor Features
- Shed
Schools
- Paulsboro High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Hot Water Baseboard Heater
- Electric Baseboard Heater
- 120/240V
- Natural Gas Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for insurance, lawn/shrub care, repairs, sewer, water
- Tax Lot 00002 01
- Assessor Parcel Number 07-00101-00002 01
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $5,723
- Maintenance Expense $1,600
- Operating Expense $11,023
- Gross Income $45,000
- Net Operating Income $33,977
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2022
Closed on
Jan 24, 2023
Sold by
Rad Properties Llc
Bought by
Forline Thomas
Seller's Agent
Robert Gentile
Resource Realty
Buyer's Agent
Andrew M. Kraft
CG Realty, LLC
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,834
Avg. Annual Appreciation
7.22%
Original Mortgage
$230,000
Outstanding Balance
$222,449
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$198,385
Purchase Details
Listed on
Dec 4, 2019
Closed on
Nov 13, 2019
Sold by
Gentile Attilio J and Gentile Diane J
Bought by
Rad Properties Llc
Seller's Agent
Barbara Smith
EXP Realty, LLC
Buyer's Agent
Barbara Smith
EXP Realty, LLC
Sold Price
$1,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Purchase Details
Listed on
Feb 18, 2016
Closed on
Apr 13, 2017
Sold by
Hague Mark and Hague Robin
Bought by
Gentile Attilio J and Gentile Diane J
Seller's Agent
Beth English
Real Broker, LLC
Buyer's Agent
Robert Gentile
Resource Realty
List Price
$125,000
Sold Price
$98,000
Premium/Discount to List
-$27,000
-21.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.90%
Original Mortgage
$73,500
Interest Rate
4.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 9, 2004
Sold by
Atkinson Joyce D
Bought by
Hague Mark and Hague Robin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 31, 1999
Sold by
Estate Of Whitney M Atkinson Jr
Bought by
Atkinson Joyce D
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Forline Thomas | $340,000 | Aston Title Group | |
| Forline Thomas | $340,000 | Aston Title Group | |
| Rad Properties Llc | -- | None Available | |
| Gentile Attilio J | $98,000 | None Available | |
| Hague Mark | $185,000 | Homestead Title Agency | |
| Atkinson Joyce D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Forline Thomas | $230,000 | |
| Closed | Forline Thomas | $230,000 | |
| Previous Owner | Rad Properties Llc | $135,000 | |
| Previous Owner | Gentile Attilio J | $73,500 | |
| Previous Owner | Hague Mark | $148,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/25/2023 01/25/23 | Sold | $340,000 | -5.6% | $148 / Sq Ft | |
| 10/14/2022 10/14/22 | For Sale | $360,000 | 0.0% | $157 / Sq Ft | |
| 01/07/2020 01/07/20 | Rented | $1,000 | 0.0% | -- | |
| 12/04/2019 12/04/19 | For Rent | $1,000 | 0.0% | -- | |
| 04/14/2017 04/14/17 | Sold | $98,000 | -21.6% | $43 / Sq Ft | View Prior Sale |
| 02/18/2017 02/18/17 | For Sale | $125,000 | +27.6% | $54 / Sq Ft | |
| 01/07/2017 01/07/17 | Pending | -- | -- | -- | |
| 07/19/2016 07/19/16 | Off Market | $98,000 | -- | -- | |
| 02/18/2016 02/18/16 | For Sale | $159,900 | -- | $70 / Sq Ft |
Source: Bright MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,170 | $179,200 | $22,900 | $156,300 |
| 2024 | $5,307 | $179,200 | $22,900 | $156,300 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Gentile
-
Andrew M. Kraft
Buyer's Agent in 2023
Andrew M. Kraft
CG Realty, LLC
(215) 292-4905
3 in this area
104 Total Sales
-
Griffin Rego
Buyer Co-Listing Agent in 2023
Griffin Rego
CG Realty, LLC
(856) 535-4801
3 in this area
14 Total Sales
-
Barbara Smith
Seller's Agent in 2020
Barbara Smith
EXP Realty, LLC
(609) 980-7593
33 Total Sales
-
Beth English
Seller's Agent in 2017
Beth English
Real Broker, LLC
(856) 313-5893
1 in this area
70 Total Sales
Map
Source: Bright MLS
MLS Number: NJGL2018732
APN: 07-00101-0000-00002-01
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