246 Billings Avenue

Paulsboro, NJ 08066

$200,000
Last Sold Price
6
Beds
2
Baths
2,128 Sq. Ft.
$94 / Sq. Ft.
2,128
Sq. Ft.
$94
per Sq. Ft.

Description

Turn your cash into cashflow! Unique value in Desirable Billingsport. Move fast to see this impressive multi-unit property (plus a bonus lot!) on a quiet street in one of South Jersey's hottest markets. This duplex, consisting of 2, 3 bedroom 1 bathroom, units is currently leased for $2,650/month total with the detached garage capable of generating additional income. Each unit has a main floor, full basement, upstairs, and attic. The current condition is average relative to comparably priced properties...Turn your cash into cashflow! Unique value in Desirable Billingsport. Move fast to see this impressive multi-unit property (plus a bonus lot!) on a quiet street in one of South Jersey's hottest markets. This duplex, consisting of 2, 3 bedroom 1 bathroom, units is currently leased for $2,650/month total with the detached garage capable of generating additional income. Each unit has a main floor, full basement, upstairs, and attic. The current condition is average relative to comparably priced properties and both units are current on their yearly municipal inspections. Multi-family properties in Gloucester County have surged in value over 52% in the past calendar year and there is currently a shortage of rental inventory available. An added feature of this property is a second building lot with a detached garage. This structure can generate additional income or serve as dedicated space for a hobbyist or just additional storage. More ambitious buyers could seek to develop this lot but would need to consult with the appropriate municipal authorities to determine the feasibility of any intended use. You're encouraged to learn more about this opportunity but please do not disturb the current tenants. Only individuals with an approved appointment are permitted to access/walk the property, NO EXCEPTIONS.

Listing Agent

  1. Paul Viereck

    Paul Viereck

    Listing Agent

    Compass

Property Details for 246 Billings Avenue

Tax ID Number
14-00020-00013
Ownership
Fee Simple
Structure Type
Other
Style
Colonial, Side-by-Side
Waterfront
No
Garage
No
Subdivision
BILLINGSPORT
Subdivision
BILLINGSPORT (GLOUCESTER NJ)

Location

Sold By Real Broker, LLC

Add your commute
LISTING UPDATED: 08/30/2022 04:02 AM

Property Details for 246 Billings Avenue

StatusClosed
MLS #NJGL2007844
Days on Market94
Taxes$6,225 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.15 AC / 6,750 SF
CountyGloucester County

Location

Sold By Real Broker, LLC

Add your commute

Building Information for 246 Billings Avenue

Stories-Residences1Year Built1910Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$1,610 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,091

Property Taxes

$519

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 246 Billings Avenue

Location
Location
  • School District Name: PAULSBORO PUBLIC SCHOOLS
  • School District County ID: 300200397138
  • SchoolDistrictSource: Listing Agent
  • Elementary School: BILLINGSPORT E.S. (GLOUCESTER NJ)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: PAULSBORO (GLOUCESTER NJ)
  • MiddleSchoolSource: Listing Agent
  • High School: PAULSBORO H.S. (GLOUCESTER NJ)
  • HighSchoolSource: Listing Agent
  • County: GLOUCESTER
  • MLS Area: Paulsboro Boro (20814)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $147,100
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $118,200
  • City Town Tax: $0
  • Land Assessed Value: $28,900
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RES
  • Tax Lot: 00013
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 2
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Beds Total: 3
  • Full Baths Count: 1
Financial Information
Financial Information
  • Gross Income: $31,800
  • Annual Rental Income: $31,800
  • Income Includes: Apartment Rentals
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 2,128.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 50.00 x 135.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Additional Lot(s)
  • Parcel ID: 2021444
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Gloucester Salem Counties Board of REALTORS

Property History for 246 Billings Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 246 Billings Avenue

This home is within Paulsboro Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 7 to 8
Public - 9 to 12
Public - 3 to 6
Rating
School
Distance
Billingsport Elementary School
PublicPK to 2

Paulsboro Junior High School
Public7 to 8

Paulsboro High School
Public9 to 12

Loudenslager Elementary School
Public3 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.