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Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 549380
Sold Date 06/30/21
Annual Tax Amount $9,285
Tax Year 2020
Property Description
CONTRACT ACCEPTED, NO MORE SHOWINGS PER THE OWNER. Unique Investment Opportunity! CURRENT: 3BR 2BA Rancher w/ Efficiency Inlaw Suite w/ a separate entrance, kitchen & bathroom. Detached 2-story barn-style building w/ 4-bay garage space downstairs & 2-Tenants upstairs (2BR 1 BA + 1 BR 1 BA). The 3 residential tenants pay nearly $32,000 annually, w/ potential market rents projected to $48,000 annually. Rancher is connected to public water, sewer, and has its own gas & electric meters. The rear Barn building w/ 2 tenants and 4-bay garage is connected to public water, septic, and has its own electric and gas meter for the building. Note that the 1st floor 4-bay garage is heated and has a full bathroom (shower) and a deep 2-bay stainless steel commercial wash basin. The 4-bay barn/garage could be ideal for use by a home based business such as a landscaper, builder, or other contractor. All this on a 4-acre+- commercially zoned parcel, which can be as large as 5.25-acres +- acres by acquiring adjacent Lot#13.03 (MLS #584624). FUTURE: The property already has an existing survey w/ topo & wetlands delineation, it's located in the "PRO" commercial zone and is included in Galloway Township's Redevelopment overlay, allowing endless possibilities for future development. Public Utilties available to the site, convenience to nearby Garden State Parkway interchange, AtlantiCare & Stockton University.
Location
State NJ
County Atlantic
Community Galloway Township
Area Galloway Twp
Location Details Wooded Lot
Rooms
Basement Crawl Space, Slab
Interior
Heating Gas-Natural
Exterior
Exterior Feature Brick, Vinyl
Parking Features Detached Garage, Heated Garage, Three or More Cars
Building
Sewer Public Sewer, Septic
Water Public, Well
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