39 East Avenue

Woodstown, NJ 08098

$270,000
Last Sold Price
Beds
2,835 Sq. Ft.
$95 / Sq. Ft.
2,835
Sq. Ft.
$95
per Sq. Ft.

Description

Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third...Attention Savvy Investors... Looking for a Turnkey Investment to add to your portfolio? Check out this three (3) unit mixed use building with off-street parking and detached garage in Woodstown. This property is conveniently located on East Avenue(Route 40) and is situated in the LC (Limited Commercial) zoning district. The building includes a law office on the first floor (lease exp 11/30/2026), two bedroom apartment on the second floor(lease exp 4/30/2024) and a one bedroom apartment on the third floor(lease exp 3/14/2024) . All new leases, well maintained, fully rented and reasonable taxes make this a sound investment in your future. Great 1031 exchange replacement property. Good exposure on Route 40 (14,729 vehicles/day- 2017- count), walking distance to downtown shopping, schools and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - over $46,000 per year and a 9% +/- CAP rate make this a good long term investment in your future. Property sold "As Is" condition.
  1. Listed by Richard G Warner • Warner Real Estate & Auction Company
    P: 8567694111 rich@warnerrealtors.com

Property Details for 39 East Avenue

Tax ID Number
15-00022-00007
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Views
Street
Garage
No
Cross Street
MAPLE

Location

Listing Courtesy of Warner Real Estate & Auction Company

Sold By Home and Heart Realty

Add your commute
LISTING UPDATED: 10/04/2023 02:40 PM

Property Details for 39 East Avenue

StatusClosed
MLS #NJSA2007706
Days on Market37
Taxes$6,176 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1885
Lot Size0.28 AC / 12,197 SF
CountySalem County

Location

Listing Courtesy of Warner Real Estate & Auction Company

Sold By Home and Heart Realty

Add your commute

Building Information for 39 East Avenue

Stories-Residences3Year Built1885Building Size-Lot Size0.28 AC / 12,197 SF

Payment Calculator

$1,988 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,474

Property Taxes

$515

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 39 East Avenue

Location
Location
  • School District Name: WOODSTOWN-PILESGROVE REGI SCHOOLS
  • School District County ID: 300200396393
  • SchoolDistrictSource: Listing Agent
  • Elementary School: MARY S. SHOEMAKER SCHOOL (SALEM NJ)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: WOODSTOWN M.S. (SALEM NJ)
  • MiddleSchoolSource: Listing Agent
  • High School: WOODSTOWN H.S. (SALEM NJ)
  • County: SALEM
  • MLS Area: Woodstown Boro (21715)
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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $158,100
  • Year Assessed: 2022
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Agricultural Tax Due: No
  • Zoning: LC
  • Zoning Dscrp: Limited Commercial
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Electricity, Insurance, Gas, Sewer, Snow Removal, Taxes - Real Estate, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 3
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $17,381
  • Insurance Expense: $1,881
Financial Information
  • Gross Income: $46,632
  • Gross Scheduled Income: $46,632
  • Net Operating Income: $29,521
  • Annual Rental Income: $46,632
  • Income Includes: Apartment Rentals, Professional Offices
  • Cap Rate: .09
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,835.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Features: Road Frontage
  • Road Surface Type: Black Top
  • Road Responsibility: State
  • Location Type: Downtown
  • Parcel ID: 6555061
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Gloucester Salem Counties Board of REALTORS

Property History for 39 East Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 39 East Avenue

Taxable ValueLand$113,100Additions$45,000Total$158,100
Tax Record2022$6,177 ($515 / month)
Home Facts
Total Finished SqFt2,835 SqFtAbove Grade Finished SqFt2,835 SqFtStories2Lot Size12,341 SqFtStyleMiscellaneous CommercialYear Built1885ZoningLCCountySALEMAPN15 00022-0000-00007

Schools near 39 East Avenue

This home is within Woodstown-Pilesgrove Regional School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Mary S. Shoemaker Elementary School
Public1 to 5

Woodstown Middle School
Public6 to 8

Woodstown High School
Public9 to 12

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.

Neighborhood Map and Transit

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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.

Listing Courtesy of Warner Real Estate & Auction Company

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.