NEW! Buy and sell safely with virtual options - Learn More
About the Listing OPUSEL1 - 3197908
Excellent investment opportunity! This fully occupied triplex offers strong existing rental income, separate utilities, and an impressive rear lot with additional potential. Unit A is located at the front of the property and features 1 bedroom and 1 full bathroom. Unit B is located at the rear and offers 2 bedrooms and 1 full bathroom. Unit C is positioned in the middle and features 3 bedrooms, 1 full bathroom, plus staircase access to the attic. All three units are currently rented and producing a combined gross annual rental income of approximately $46,164. Utilities are separately metered for each unit. The landlord currently pays water and sewer, which total approximately $450 per quarter. Based on the projected sale price of $339,999, current rents, and known operating expenses, the property reflects an approximate 10.2% cap rate. Cap rate is an estimate and does not include vacancy, maintenance, repairs, management, or other potential operating expenses. The property also features a large rear lot that may offer future subdivision or development potential. Buyer is responsible for completing all due diligence with the municipality regarding zoning, subdivision, approvals, and permitted use. With three occupied units, strong rental income, separate utilities, and additional land potential, this property presents an excellent opportunity for an investor looking to add a high-performing multifamily asset to their portfolio. Schedule your showing today!
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
NJGL2078384
Year Built
1900
Total Square Footage
2,684
Lot/Acreage
0.46
County
Gloucester
Neighborhood
None Available
School District
Paulsboro Borough
Middle School
Paulsboro High School
High School
Paulsboro
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2684
- Below Ground Sq Ft: 0
- Basement: Combination
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 3
- Lot Dimensions: 66x305
- Zoning: Triplex
- Roof:
- Others: Average
- Sewer: Public Sewer
- Parking Features: Driveway,On Street,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $7,601
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
402 Billingsport Paulsboro, NJ 08066
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
