SoldJan 25, 2023

Listed by Robert Gentile from Resource Realty

Bought with Andrew Kraft from Springer Realty Group

Source: Bright MLS #NJGL2018732

12 E Broad St, Gibbstown, NJ, 08027

$340,000

3
7
2300 sq. ft.
7500 sq. ft.

Duplex

26 days on the market

Sold: Jan 25, 2023

What's around 12 E Broad St

About this property

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%

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Seller's review

over 3 years ago

Great agent!

Excellent service from start to finish. Was totally and fully immersed in the entire process. I highly recommend!

S
Seller

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