$600,000
For Sale
4640 Sq.Ft | 0 Bed | 0 Bath

125 earl ave glassboro nj 8028

For Sale
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Overview

*Investor & Developer Alert** Rent averages approx $1450/per month per unit (under market value -you can freshen up these units and charge more!) This is a 13-year young Quad project split into two buildings. Each Building features two mirror image, 2-story townhomes. TENANTS PAY ALL UTILITIES. Owner's basic expenses are taxes, insurance and grounds maintenance. Great investment package for novice or expert Real Estate Investor. Located approx 2 miles & 4 minute drive to Rowan University/Rowan Blvd; Rts 47, 322 & 55 and the newer Glassboro Town Square development. Close to all major shopping centers. Couple it with the seller's property at 123 Earl to provide a 9 (potentially 10) unit private development. These units boast 3 bedrooms, a large living room, dining room, L-shaped kitchen, 1st floor 1/2 bath and 1st fl laundry closet. Upstairs you'll find 3 bedrooms and a generously-sized full bath. Units have central a/c, gas heat, patio doors from dining room to rear yard and paved off-street parking. Tenants pay all utilities. The lot is 1.13 acres, and is NOT FULLY DEVELOPED! Owner says THERE IS ROOM TO ADD ANOTHER DUPLEX or TWO AT THE REAR OF THE PROPERTY - but must apply for a variance & provide site plan to township. Glassboro is experiencing a renaissance with new development everywhere! Retail outlets, new nearby $356-million dollar Inspira Hospital completed 12/19 - adjacent to Rowan's West Campus and Tech Campus; a new multi-million dollar True North church (opened 3/20) recently built Tech & Medical Campuses at Rowan, New Fine Dining & Casual Eateries and MicroBreweries. Private property - Do NOT PULL INTO DRIVEWAYS ONTO THE PROPERTY. DO NOT DISTURB TENANTS! (Buyers must perform their own due diligence with township regarding obtaining variances for additional units). 2OF 4 leases have rolled over to m-to-m. Leases APPEAR TO BE under market value for newer 3 bed 1.5 bath UNITS in Glassboro. Strictly AS-IS Sale. Owner will update his landlord registrations and c.o's. . New owner will need to register as landlord as well. Buyer or buyer's rep to order, pay for all inspections, certifications and other township or lender requirements pre- and post-closing. Glassboro does a "Transfer of title" on AS-IS sales,. All units are set up just as shown in unit 3 photos within the listing.

Quick Facts

County
GLOUCESTER
Type
Multi-Family
Parking
-
Year Built
2008
Lot
49223Sqft
Heating
Forced Air
Cooling
Central A/C
Price/Sq.ft
129.31
Basement

Taxes and Assessment

Tax Annual Amount:
$14,484
Tax Year:
2020
Country Tax:
-
Tax Assessment Amount:
$408,800
Assessment Year:
2020
Zoning:
R5
Land Use Code:
-
Section:
-

Listing Provided By

Agent Name:
Kimberly Burnett Thomas
Phone:
8563085989
Office:
Vanguard Realty Group Inc
Source:
BRIGHT
Days On Market:
361
Sold Date:
-
Came On Market:
2020-03-14

MLS Disclaimer: Copyright Bright MLS. All rights reserved. Information is deemed reliable but not guaranteed.

Last Property Change: 2021-03-10 06:00:00 PM
Last Property Check: 2021-08-05 06:00:00 PM
© 2020 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Federated Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Federated Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.

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