80 S Broad St Penns Grove, NJ 08069
Estimated payment $1,960/month
Highlights
- 1.02 Acre Lot
- Downtown Location
- Forced Air Heating System
- More Than Two Accessible Exits
- Multiple cooling system units
About This Home
This 4-unit mixed-use property presents a tremendous opportunity and includes two storefronts (totaling 4,024 sq. ft.) along with a separate two-unit duplex (2,250 sq. ft.). The duplex is fully rented with cooperative tenants, generating $1,575 per month for the 3BR/1BA unit and $1,350 per month for the 2BR/1BA unit, for a total annual rental income of $35,100. Both residential units are separately metered.
The commercial buildings offer significant potential for renovation and can be adapted for a wide variety of uses. The property is being sold strictly as-is, with the buyer responsible for all due diligence. Please note that this property may not qualify for conventional financing. Acceptable financing options include cash purchase, hard money loan, or commercial loan. Sold strictly AS-IS . Bring all offers!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,255
Year Built
- Built in 1920
Lot Details
- 1.02 Acre Lot
- Lot Dimensions are 50.00 x 170.00
- Downtown Location
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- 4 Units
- 2 Vacant Units
Listing and Financial Details
- Tax Lot 00013
- Assessor Parcel Number 08-00065-00013
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 |
|---|---|---|---|---|
| 2025 | $6,472 | $116,700 | $18,600 | $98,100 |
| 2024 | $6,255 | $116,700 | $18,600 | $98,100 |
| 2023 | $6,255 | $116,700 | $18,600 | $98,100 |
| 2022 | $6,030 | $116,700 | $18,600 | $98,100 |
| 2021 | $5,770 | $116,700 | $18,600 | $98,100 |
| 2020 | $5,846 | $116,700 | $18,600 | $98,100 |
| 2019 | $5,870 | $116,700 | $18,600 | $98,100 |
| 2018 | $6,051 | $150,000 | $23,600 | $126,400 |
| 2017 | $6,072 | $150,000 | $23,600 | $126,400 |
| 2016 | $5,843 | $150,000 | $23,600 | $126,400 |
| 2015 | $5,597 | $150,000 | $23,600 | $126,400 |
| 2014 | $5,535 | $150,000 | $23,600 | $126,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/07/2025 09/07/25 | For Sale | $270,000 | 0.0% | -- |
| 10/05/2018 10/05/18 | Rented | $1,200 | 0.0% | -- |
| 09/26/2018 09/26/18 | Under Contract | -- | -- | -- |
| 09/06/2018 09/06/18 | For Rent | $1,200 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | -- | -- | |
| Deed | $187,900 | -- | |
| Sheriffs Deed | $50,100 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $700,000 | Unknown | |
| Open | $3,000,000 | Commercial | |
| Previous Owner | $240,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $208,000 | Commercial |
Source: Bright MLS
MLS Number: NJSA2016186
APN: 08-00065-0000-00013
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