12 E Broad St

Gibbstown NJ 08027

2300 sq. ft.

7500 sq. ft.

Duplex

Last sold for $340,000

Robert Gentile, last sold this property on 25 January 2023 after 341 days on market.

Overview

Effective November new rental income $3,750/month, $45,000/year gross income. Expenses proforma 2022 estimated, $16,023. Proforma Gross Profit before financing: $28,977 TWENTY FOUR HOURS NOTICE TO VIEW APARTMENTS AS PER LEASE Recently renovated triplex, tenants in place. Ample off street parking for 6 plus cars. Tenants pay gas & electric and cable/tv/internet. landlord pays sewer and water. Two, 2 bedroom apartments Apt A & C. One, 1 bedroom apartment Apt B Apt A $1300/mo., Apt B $1350/mo., Apt C $1100/mo.. Projected cash on cash return at 20% down payment ($72,000), 6% 25yr amort. 9.17%

Features

3 bedrooms

7 carspaces

2300 sq. ft. floor area

7500 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 3 bedroom duplexes sold in Gibbstown over the last 12 months.

Property history for 12 E Broad St

2023

Sold

$340,000

25 Jan 2023 by Robert Gentile, of Resource Realty

Happy sellers in Gibbstown

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