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218220 South Broadway

Gloucester City NJ 08030

6
1245 sq. ft.
2361 sq. ft.
Other
Currently for sale - view listing

Overview

Fully Occupied with motivated Seller. This 6 unit apartment building is now for sale and cash flowing in downtown Gloucester City. All units recently updated and inspected, lead certs on file. Great for a 1031 Exchange. Deeded as 2 twins attached to one another, this building offers split gas and electric meters in the basement with owner paying for, water and sewer. Owner is reimbursed for heat by all tenants. Annual insurance is 4800/yearly. Quarterly CCMUA is $88./ per tenant. Utility usage is $55./mo per tenant. This building has 2 individual tax bills. (218 S. Broadway is $3357./yr and 220 S. Broadway is $6450./yr). Current monthly income is $7150./mo. and is fully occupied. This building is professionally managed by Connection Property Mgt.

Features

6 bedrooms
1245 sq. ft. floor area
2361 sq. ft. lot size
Other

Happy sellers in Gloucester City

95%
95% of sellers in Gloucester City reported that their sale price either exceeded or met their price expectations.

Gloucester City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Gloucester City over the last 12 months.

Local market activity for 6 bedroom other properties in Gloucester City

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