569 MORTON AVE Coming Soon Save Request In-Person Tour Request Virtual Tour
Bridgeton,NJ 08302
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 20,900 sqft
Price per Sqft $26
Subdivision None Available
MLS Listing ID NJCB2021534
Style Other
Year Built 1923
Annual Tax Amount $5,135
Tax Year 2023
Lot Size 0.480 Acres
Property Description
Check out this wonderful business opportunity that consist of a Commercial store front and FOUR two and three bedroom apartments attached in Deerfield Twp. The store front consist of 2000 sq ft with bathroom that is currently used as a photography studio. All units have seperate meters and tenants are responsible for their own utilities. There are a few long term tenants w a total of 3 of them on a month to month lease. Several units have been updated. Electric panels, hot water heaters and storefront HVAC have also been upgraded. Great parking and fantastic location w/ easy access to RT 55. Professional photos coming soon.
Mixed-use property: Includes a 2,000 sq. ft. commercial storefront and four residential apartments (3 two-bedroom, 1 three-bedroom).
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities?lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.
Location
State NJ
County Cumberland
Area Deerfield Twp (20603)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas,Electric
Cooling Ceiling Fan(s),Wall Unit
Exterior
Water Access N
Building
Lot Description Cleared,Corner,Level,Open
Foundation Block,Brick/Mortar
Sewer On Site Septic
Water Private
New Construction N
Schools
High Schools Cumberland Reg
School District Cumberland Regional
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Special Listing Condition Standard