NOT LISTED FOR SALE

407 Southwest Blvd Buena, NJ 08326

-- Bed
-- Bath
4,328 Sq Ft
10,497 Sq Ft Lot

Last Sold March 04, 2022

Last sale price $445,000 $103 Per Sq Ft

About This Home

As of March 2022

Rare opportunity to own a 5plex with detached 4000 SF shop! All units are rented, shop is currently vacant and rented prior for $2000/mo. Currently rents are $52,000 annually not including the shop. Market cap of 12%. Perfect place to park your money! Go and show is only for shop and basement.

Last Agent to Sell the Property

jeffrey pilla

(856) 981-7919 23reoffers@gmail.com Tesla Realty Group LLC License #1006136 Listed on: 10/28/2021

Tesla Realty Group LLC

Last Buyer's Agent

Francesco Pullella

(609) 682-2874 francesco.pullella@foxroach.com HOF Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,139

Year Built

  • Built in 1900

Lot Details

  • 10,497 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement with some natural light

Parking

  • 8 Open Parking Spaces
  • 23 Parking Spaces
  • 15 Driveway Spaces
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, water, trash collection

Community Details

Overview

  • 4 Units

Building Details

  • Income includes apartment rentals, shop rentals, parking
  • Insurance Expense $2,500
  • Trash Expense $1,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,139

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Daylight, Partial, Full, Interior Access
  • Total Sq Ft: 5428
  • Living Area Sq Ft: 4328
  • Price Per Sq Ft: 121.29
  • Above Grade Finished Sq Ft: 4328
  • Below Grade Sq Ft: 1100
  • Total Below Grade Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 23
  • Type Of Parking: Driveway, Off Street, On Street, Parking Lot
  • Number of Spaces in Driveway: 15
  • Parking Lot Number Of Spaces: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Natural Gas Available
  • Water Previous Twelve Months: 1080.00
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10497.00
  • Zoning: COM/RES

Rental Info

  • Existing Lease Type: Yearly
  • Number Of Units Month To Month: 2
  • Owner Pays: Sewer, Water, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 51000.00
  • Units Leased Count: 5
  • Vacation Rental: No

Multi Family

  • Gross Income: 76000.00
  • Income Includes: Apartment Rentals, Shop Rentals, Parking

Tax Info

  • Tax Annual Amount: 8139.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2021

MLS Schools

  • School District Name: BUENA REGIONAL SCHOOLS

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $445,000 -15.2% $103 / Sq Ft
10/28/2021 10/28/21 For Sale $524,923 -- $121 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • jeffrey pilla

    Seller's Agent in 2022

    jeffrey pilla

    Tesla Realty Group LLC

    (856) 981-7919

    1 in this area

    66 Total Sales

    jeffrey pilla
    Section Image
  • Francesco Pullella

    Buyer's Agent in 2022

    Francesco Pullella

    HOF Realty

    (609) 682-2874

    2 in this area

    298 Total Sales

    Francesco Pullella
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJAC2001548

Bright MLS
New Jersey Atlantic County Buena 08326

407 Southwest Blvd, Buena, NJ

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