NOT LISTED FOR SALE

650 N Broad St Woodbury, NJ 08096

-- Bed
-- Bath
2,208 Sq Ft
5,798 Sq Ft Lot

Last Sold August 31, 2023

Last sale price $275,000 $125 Per Sq Ft

12 Days on Market

Highlights

  • A-Frame Home
  • Attic
  • Walk-Up Access
  • Traditional Floor Plan
  • Level Entry For Accessibility
  • Carpet

About This Home

As of August 2023

Come check out this income earning QUAD today!
Four - 1 bed 1 bath units

Contact the listing agent for all financials that have to do with this property

648A - $865 Per mo- Section 8 long term tenant
648B- $925 Per mo
650A- $1,050 potential rent once rehabbed
650B- $950 Per mo

Each unit us due for a rent increase once leases end. Two units leases are up in November and the section 8 tenant just got a new HAP contract.

Three of the Four units are occupied all PAYING tenants with leases in tact.
Unit 650 A is vacant and just has been cleaned out. Needs work!

EXPENSES
Common Gas (Hot water, whole house)/common area
electric(lights)
$1300/ year

Taxes
$8400/year

Water/sewer
$3300/year

Insurance
$2000

Building has four gas boilers, all separately metered. Tenants pay gas heat. One was replaced 02/2023
Building has a whole house tankless hot water heater that was replaced 02/2023. Owner pays this bill.

Building has property management in place for 8% of gross rents.

The property is being sold AS-IS. The buyer is responsible for all inspections, including but not limited to certificate of occupancy and fire inspection.

Last Agent to Sell the Property

John Rinick

(267) 205-1824 johnrinick@yahoo.com Prime Realty Partners Listed on: 05/09/2023

Prime Realty Partners

Last Buyer's Agent

John Rinick

(267) 205-1824 johnrinick@yahoo.com Prime Realty Partners Listed on: 05/09/2023

Prime Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,445

Year Built

  • Built in 1930

Lot Details

  • 5,798 Sq Ft Lot
  • Lot Dimensions are 40.00 x 145.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • A-Frame Home
  • Frame Construction

Interior Spaces

  • 2,208 Sq Ft Home
  • Traditional Floor Plan
  • Carpet
  • Attic

Unfinished Basement

  • Walk-Up Access
  • Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 00015
  • Assessor Parcel Number 22-00125-00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,445

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: No
  • Expected On Market: 2023-05-12
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Attic, Carpet, Floor Plan - Traditional
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: Yes
  • Basement Type: Outside Entrance, Sump Pump, Unfinished, Walkout Stairs
  • Total Sq Ft: 2208
  • Living Area Sq Ft: 2208
  • Price Per Sq Ft: 135.42
  • Above Grade Finished Sq Ft: 2208
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 40.00 x 145.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5798.00
  • Property Condition: Good, Average

Rental Info

  • Existing Lease Type: Long Term
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8445.00
  • Assessor Parcel Number: 22-00125-00015
  • Tax Lot: 00015
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WOODBURY PUBLIC SCHOOLS

Range of Values:

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Average Value
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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
08/31/2023 08/31/23 Sold $275,000 -8.0% $125 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $299,000 -- $135 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Rinick

    Prime Realty Partners

    (267) 205-1824

    2 in this area

    67 Total Sales

    John Rinick
    Section Image
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Map

Source: Bright MLS

MLS Number: NJGL2029218

Bright MLS
New Jersey Gloucester County Woodbury 08096

650 N Broad St, Woodbury, NJ

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