NOT LISTED FOR SALE

52 West Ave Woodstown, NJ 08098

-- Bed
-- Bath
5,502 Sq Ft
0.31 Acres

Last Sold March 16, 2020

Last sale price $375,000 $68 Per Sq Ft

69 Days on Market

Highlights

  • Colonial Architecture
  • Stainless Steel Appliances
  • Double Pane Windows
  • No HOA
  • Porch
  • Ceramic Tile Flooring

About This Home

As of March 2020

INVESTOR ALERT! This 4 Plex in downtown Woodstown is TURN KEY! It has been Completely Renovated and all 4 Units are Occupied with 1 Year Leases. There is 1 One Bedroom / 1 Bath Unit, 1 Three Bedroom / 1 Bath Unit, & 2 Three Bedroom / 2 Bath Units. Total of 10 Bedrooms & 6 Full Bathrooms. Total Square Footage of 5502. This entire building has been redone! The List goes on and on! 4 New Hi Efficiency Gas Forced Air Furnaces with Central A/C Units. 5 new water heaters (1 for the House to service the Laundry Room). Laundry Room has New Coin Operated Washing Machine and New Coin Operated Electric Dryer. All New Stainless Steel Appliances (Fridge/Range/Dishwasher in each unit). All 4 Kitchens have Granite Counters, Ceramic Tiled Floors and New Kitchen Cabinets. All 4 Bathrooms New Showers/Tubs, Vanities, Sinks, Ceramic Tiled Floors. All Units have New Laminate Wood Flooring. All New Electric and Service Panels - 5 Services. 1 for each unit and 1 for the House Meter. All New Plumbing. New Roof. New Vinyl Siding. New Windows. All New Insulation and Insulated between Units. New Sheetrock. Sewer Pipe Relined. Basement Fire Alarm. 2-3 Car Detached Garage. Large Irregular Shaped Lot accessed off of Spring Garden Street. If you are looking for an Investment that will surely pay off take a closer look at this property! Gross Annual Income of $61,200. Total Operating Expenses are $16, 176 leaving a Net Income of over $45,000 Per Year!

Last Agent to Sell the Property

Edward English

EXP Realty, LLC License #8937835 Listed on: 11/07/2019

EXP Realty, LLC

Last Buyer's Agent

Michael Mazur

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,196

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 50.00 x 220.00
  • Irregular Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Colonial Architecture
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 5,502 Sq Ft Home
  • Double Pane Windows
  • Basement
  • Exterior Basement Entry

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Laminate
  • Ceramic Tile

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Energy-Efficient HVAC
  • Porch

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, snow removal, real estate taxes, water, sewer
  • Tax Lot 00001
  • Assessor Parcel Number 15-00038-00001

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $3,000
  • Maintenance Expense $1,200
  • Operating Expense $16,176
  • Net Operating Income $45,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,196

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: INVESTOR ALERT! This 4 Plex in downtown Woodstown is TURN KEY! It has been Completely Renovated and all 4 Units are Occupied with 1 Year Leases. There is 1 One Bedroom / 1 Bath Unit, 1 Three Bedroom / 1 Bath Unit, & 2 Three Bedroom / 2 Bath Units. Total of 10 Bedrooms & 6 Full Bathrooms. Total Square Footage of 5502. This entire building has been redone! The List goes on and on! 4 New Hi Efficiency Gas Forced Air Furnaces with Central A/C Units. 5 new water heaters (1 for the House to service the Laundry Room). Laundry Room has New Coin Operated Washing Machine and New Coin Operated Electric Dryer. All New Stainless Steel Appliances (Fridge/Range/Dishwasher in each unit). All 4 Kitchens have Granite Counters, Ceramic Tiled Floors and New Kitchen Cabinets. All 4 Bathrooms New Showers/Tubs, Vanities, Sinks, Ceramic Tiled Floors. All Units have New Laminate Wood Flooring. All New Electric and Service Panels - 5 Services. 1 for each unit and 1 for the House Meter. All New Plumbing. New Roof. New Vinyl Siding. New Windows. All New Insulation and Insulated between Units. New Sheetrock. Sewer Pipe Relined. Basement Fire Alarm. 2-3 Car Detached Garage. Large Irregular Shaped Lot accessed off of Spring Garden Street. If you are looking for an Investment that will surely pay off take a closer look at this property! Gross Annual Income of $61,200. Total Operating Expenses are $16, 176 leaving a Net Income of over $45,000 Per Year!
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Water Heater
  • Flooring Type: Laminated, Ceramic Tile
  • Window Features: Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 5502
  • Living Area Sq Ft: 5502
  • Price Per Sq Ft: 68.16
  • Above Grade Finished Sq Ft: 5502
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Aluminum Siding
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 50
  • Previous Twelve Months Electric Expense: 600.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 333
  • Water Previous Twelve Months: 4000.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: WOODSTOWN-PILESGROVE REGI SCHOOLS
  • School District Key: 300200396393
  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac
  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 95000.00
  • Land Assessed Value: 105000.00
  • Lot Features: Irregular
  • Lot Size Acres: 0.31
  • Lot Dimensions: 50.00 x 220.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13350.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good, Good
  • Year Assessed: 2019
  • Zoning: APARTMENT

Rental Info

  • Existing Lease Type: Yearly, Net
  • Owner Pays: Common Area Maintenance, Insurance, Snow Removal, Taxes - Real Estate, Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 61200.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 61200.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 16176.00

Tax Info

  • Assessor Parcel Number: 6555395
  • Tax Annual Amount: 7196.00
  • Assessor Parcel Number: 15-00038-00001
  • Tax Lot: 00001
  • Tax Total Finished Sq Ft: 4009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/16/2020

MLS Schools

  • School District Name: WOODSTOWN-PILESGROVE REGI SCHOOLS

Range of Values:

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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 Change Sq Ft Price
03/16/2020 03/16/20 Sold $375,000 0.0% $68 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
01/11/2020 01/11/20 Off Market $375,000 -- --
12/13/2019 12/13/19 For Sale $375,000 0.0% $68 / Sq Ft
11/30/2019 11/30/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $375,000 -- $68 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA136390

Bright MLS