72 S Broad St Penns Grove, NJ 08069
--
Bed
--
Bath
8,388
Sq Ft
0.32
Acres
Highlights
- Open Floorplan
- Home Security System
- Kitchen Island
- Eat-In Kitchen
- Tile or Brick Flooring
- Forced Air Heating System
About This Home
As of November 2024Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units.
The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room.
With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant.
This property is being sold as-is, where is condition.. Don't miss out on this prime investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,254
Year Built
- Built in 1943
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 75.00 x 187.00
- Level Lot
Home Design
- Quadruplex
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Stone Siding
Interior Spaces
- En-Suite Bathroom
- 8,388 Sq Ft Home
- Open Floorplan
- Brick Wall or Ceiling
- Replacement Windows
- Six Panel Doors
- Home Security System
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Kitchen Island
Flooring
- Carpet
- Laminate
- Tile or Brick
- Vinyl
Laundry
- Dryer
- Washer
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Paved Parking
- On-Street Parking
- Parking Lot
Outdoor Features
- Exterior Lighting
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 00012
- Assessor Parcel Number 08-00065-00012
Community Details
Overview
- 4 Units
- 2-Story Building
Building Details
- 4 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2024
Closed on
Nov 26, 2024
Sold by
Pinkard And Hall Investment Properties L
Bought by
Coco And Skin Real Estate Llc
Seller's Agent
Luke Romano
Romano Realty
Buyer's Agent
Brooke Cocozza
BHHS Fox & Roach-Mullica Hill South
List Price
$349,900
Sold Price
$320,000
Premium/Discount to List
-$29,900
-8.55%
Total Days on Market
8
Views
78
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
-$1,996
Avg. Annual Appreciation
-1.22%
Original Mortgage
$240,000
Outstanding Balance
$239,369
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$78,635
Purchase Details
Closed on
Jul 27, 2015
Sold by
Hall Irvin
Bought by
Pinkard And Hall Investment Properties L
Purchase Details
Closed on
Dec 30, 2013
Sold by
United States Internal Revenue Service
Bought by
Hall Irwin
Purchase Details
Closed on
Jul 16, 2007
Sold by
Bank Of Ny As Indenture
Bought by
Minor Michael
Purchase Details
Closed on
Apr 21, 2006
Sold by
Ofracs Inc and Piccolomini Dominic B
Bought by
The Bank Of New York and Money Store Trust 1998-C
Purchase Details
Closed on
Mar 27, 2000
Sold by
Piccolomini Shirley Scarfo and Piccolomini Dominic
Bought by
Ofracs Inc
Similar Home in Penns Grove, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $320,000 | West Jersey Title | |
| Deed | $30,000 | None Available | |
| Deed | $15,000 | Riverside Abstract Llc | |
| Deed | $126,000 | -- | |
| Sheriffs Deed | $25,100 | None Available | |
| Bargain Sale Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/26/2024 11/26/24 | Sold | $320,000 | -8.5% | $38 / Sq Ft |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- |
| 10/24/2024 10/24/24 | For Sale | $349,900 | -- | $42 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $8,254 | $154,000 | $20,000 | $134,000 |
| 2023 | $8,254 | $154,000 | $20,000 | $134,000 |
| 2022 | $7,957 | $154,000 | $20,000 | $134,000 |
| 2021 | $7,614 | $154,000 | $20,000 | $134,000 |
| 2020 | $7,714 | $154,000 | $20,000 | $134,000 |
| 2019 | $7,746 | $154,000 | $20,000 | $134,000 |
| 2018 | $6,821 | $169,100 | $25,000 | $144,100 |
| 2017 | $6,845 | $169,100 | $25,000 | $144,100 |
| 2016 | $6,586 | $169,100 | $25,000 | $144,100 |
| 2015 | $6,309 | $169,100 | $25,000 | $144,100 |
| 2014 | $6,240 | $169,100 | $25,000 | $144,100 |
Source: Public Records
Agents Affiliated with this Home
-
Luke Romano
Seller's Agent in 2024
Luke Romano
Romano Realty
(856) 261-2894
2 in this area
48 Total Sales
-
Brooke Cocozza
B
Buyer's Agent in 2024
Brooke Cocozza
BHHS Fox & Roach
(856) 264-8663
4 in this area
13 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA2012494
APN: 08-00065-0000-00012
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