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About the Listing CREP04 - 3168837
100 % occupied, 12-unit commercial apartment building located in a quiet residential section of Woodbury, NJ. The property consists of eight (8) one-bedroom units and four (4) two-bedroom units, offering a desirable unit mix for long-term rental demand. Seven (7) units feature guaranteed rental income through HUD, providing stable and predictable cash flow. The remaining units are occupied by long-term tenants, further enhancing income reliability and reducing turnover risk. The seller is open to continuing property management for a fee, offering a seamless transition for an out-of-area or hands-off investor. This property presents an excellent opportunity for investors seeking steady income, government-backed rent, and minimal operational disruption in an established residential area. Highlights: 12 total units (8 one-bedroom / 4 two-bedroom) $20,000 state of the art security system Quiet residential location in Woodbury, NJ 7 HUD-subsidized units with guaranteed rent Long-term tenant base Seller-offered property management available Strong candidate for buy-and-hold investors. ADDITIONAL BUILDING INFO: Roof is about 15-17 years old, HVAC units probably 7 of the 12 are less than 5 years, Remaining 5 are fully operational, no issues.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Commercial Sale
MLS ®
NJGL2068476
Year Built
1998
Total Square Footage
9,000
Lot/Acreage
0.62
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump(s)
- Heating: Heat Pump(s)
- Fireplaces:
- Floor: Carpet,Vinyl,Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Road Frontage,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 24
- Zoning: Commercial
- Roof:
- Others: Average
- Sewer: Public Sewer
- Parking Features: Lighted Parking,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $31,768
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Years
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Questions About..
159 Delaware St Woodbury, NJ 08096
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