325 N Broad St Penns Grove, NJ 08069
Estimated payment $3,314/month
About This Home
**This property will be available on Saturday, April 19th, from 10:00-11:00 am for showings.** Great Investment opportunity! Gross rents are currently at $5250 per month. Two 3 bed 1 bath units and 2 two bed 1 bath units located on the first floor. This building has had the majority of its major functions updated. The building had new electric ran to every unit in 2023/24, new windows in 2021/22, new roof in 2020, new hvac system in 2021/22. 2 of the units have had new kitchen and bathrooms installed. The building includes a large parking area in the rear for tenant parking. This building has had a state inspection in the last 6 months and the property management company has made all repairs requested by the state. Buyer to pay transfer tax
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,568
Year Built
- Built in 1940
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 70.00 x 200.00
Home Design
- Quadruplex
- Block Foundation
- Plaster Walls
- Architectural Shingle Roof
- Aluminum Siding
Interior Spaces
- 4,134 Sq Ft Home
- Unfinished Basement
- Interior and Exterior Basement Entry
Parking
- 15 Parking Spaces
- 15 Driveway Spaces
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- 3-Story Building
Listing and Financial Details
- Tax Lot 00002
- Assessor Parcel Number 02-00031-00002
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $7,864 | $232,400 | $39,200 | $193,200 |
| 2023 | $7,864 | $220,900 | $39,200 | $181,700 |
| 2022 | $7,400 | $220,900 | $39,200 | $181,700 |
| 2021 | $7,329 | $220,900 | $39,200 | $181,700 |
| 2020 | $7,394 | $220,900 | $39,200 | $181,700 |
| 2019 | $7,455 | $220,900 | $39,200 | $181,700 |
| 2018 | $6,726 | $213,600 | $34,300 | $179,300 |
| 2017 | $6,271 | $213,600 | $34,300 | $179,300 |
| 2016 | $6,510 | $230,100 | $44,300 | $185,800 |
| 2015 | $6,206 | $230,100 | $44,300 | $185,800 |
| 2014 | $5,874 | $230,100 | $44,300 | $185,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/05/2025 04/05/25 | For Sale | $475,000 | +280.0% | $115 / Sq Ft |
| 08/16/2018 08/16/18 | Sold | $125,000 | +8.7% | $31 / Sq Ft |
| 07/11/2018 07/11/18 | Pending | -- | -- | -- |
| 06/28/2018 06/28/18 | For Sale | $115,000 | -- | $29 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Pittman Title | |
| Deed | $140,000 | National Integrity Llc | |
| Deed | $125,000 | -- | |
| Bargain Sale Deed | $134,900 | Intercoastal Title Agency In | |
| Deed | $130,270 | -- | |
| Deed | $123,000 | Salem Oak Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $294,000 | New Conventional | |
| Previous Owner | $141,250 | New Conventional | |
| Previous Owner | $130,000 | Seller Take Back | |
| Previous Owner | $121,410 | Commercial | |
| Previous Owner | $10,000 | Commercial | |
| Previous Owner | $117,200 | Commercial |
Source: Bright MLS
MLS Number: NJSA2014392
APN: 02-00031-0000-00002
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