569 MORTON AVE Bridgeton, NJ 08302
20,900 SqFt
UPDATED:
11/26/2024 01:36 AM
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
Abv Grd Liv Area 20,900
Originating Board BRIGHT
Year Built 1923
Annual Tax Amount $5,135
Tax Year 2023
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 71 x266 irregular
Property Description
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
Heat Source Natural Gas
Exterior
Water Access N
Street Surface Black Top
Accessibility None
Garage N
Building
Lot Description Cleared, Corner, Level, Open
Foundation Block, Brick/Mortar
Sewer On Site Septic
Water Private
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Cumberland Reg
School District Cumberland Regional
Others
Tax ID 03-00046-00009
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
