$230,000
80 S Broad St, Penns Grove, NJ
- 5 Beds
- 2 Baths
- 6,274 SQFT
Type:
Mixed Use
Penns Grove, NJ | Mixed-Use 4-Unit + Storefronts | Ready to be Sold
Unit 1 3D Virtual Tour: Click Here
Unit 2 3D Virtual Tour: Click Here
Property Highlights
- Mixed-use property: 2 residential units (3BR/1BA & 2BR/1BA) + 2 commercial storefronts
- Year built: 1920
- Zoning: Commercial (General)
- Taxes: $6,472
- Interior size: 2,250 sq ft (Residential) + 4,024 sq ft (Commercial)
- Lot size: 0.29 acres
- Foundation type: Basement
- Parking: Driveway or Street
- HOA: No
- Residential units separately metered
- Appliances included: Refrigerator, stove
Utilities
- Water: Public
- Cooling: Central AC
Investment Upside:
- Residential rental income totals $35,100 annually from Unit 1 (2BR/1BA at $1,425/mo) and Unit 2 (3BR/1BA at $1,475/mo)
- Commercial spaces are vacant, offering a prime value-add opportunity suitable for retail, office, service businesses, or potential conversion (buyer to verify zoning).
- Upside: Renovate commercial buildings, stabilize rents, create multiple income streams