Listed By:
Compass New Jersey, LLC - Moorestown
Address
204 Atlantic Street, Bridgeton, NJ
Price
$ 545,000
Property Attributes
  • MLS#NJCB2007940
  • TypeMulti-Family
  • CountyCUMBERLAND
  • CityBridgeton
  • AreaBridgeton City
  • Zip08302
  • StyleTraditional
  • Year Built1900
  • Taxes$ 17163
  • Price$ 545,000
  • Bedrooms13
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.39 Acres
Data Source:
Bright MLS
Property Description

INVESTOR ALERT! Commercial Rooming House with 13 units. This property features 13 unique units, an onsite House Manager and recently approve DCA inspection. #1- #4 are efficiencies with kitchenette and full bath (unit #2 is the House Manager Unit) #5, #7, #9 and #12- single room with half bath, also shares common full bath #6, #8 and #14- single room with sink, shares common full bath #11 and #12- detached from main building, efficiency with full bath Laundry is available in the basement. Most units are partially furnished. Landlord pays all utilities. Most units are occupied currently and more than half of the units have been update within the last year. While in good condition, with all required inspections passed on the city, state and fire levels, this property will sell As-Is with the Buyer responsible for any required City Certs. Pro Forma is attached. Also listed as a Commercial listing under MLS#NJCB2007186 and as Residential under MLS#NJCB2007770 Annual Operating Income & Expense is attached and Net Income is $55,045:

High School
Bridgeton High School
Price History
7/22/2022 Listed $545,000

General Features

Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling None
Possession Negotiable
Roof Asphalt
Zoning COMMERCIAL
Pool Y/N No Pool
Architectural Style Traditional
Construction Materials Wood Siding
Year Built 1900
Property SubType Other
Tax Year 2020
Percent Ownership Fee Simple
Cool Fuel None
OwnerPays All Utilities,Common Area Maintenance,Management,Insurance,Repairs,Taxes - Real Estate
Accessibility None
County CUMBERLAND
Operating Expense 48154.00
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE
Directions Located between Fayette and Hampton
ModificationTimestamp 2024-02-21T13:04:56
City BRIDGETON
Buyer Agent Compensation 2.5
Zoning Description Rooming House
Total Units 4
MLS Area Bridgeton City (20601)
Lot Size Square Feet 16950.00
Tax Assessed Value 342100.0
Waterfront Y/N No
Street Name ATLANTIC
Tax Annual Amount 17163.0
Home Warranty Y/N No
Property Condition Good
Structure Type Detached
Single Room Units Count 13
One Bedroom Units Count 13
Acceptable Financing Cash,Conventional
Rent Control Y/N No
Vacation Rental Y/N No
Virtual Tour https://HomeJab.vr-360-tour.com/e/HqMBgtV18h8/e
Days on Market 644
Lease Type Yearly
Standard Status Active
Year Built Source Estimated
Tax Lot 00028
Total Actual Rent 103200.00
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Basement Unfinished
Hot Water Natural Gas
Furnished Units Some
Basement (Y/N) Yes
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No
LivingAreaSource Estimated

Exterior Features

Water Source Public
Type of Parking On Street,Driveway
Foundation Details Other
Water View Y/N No
Lot Dimensions 75.00 x 226.00
Lot Size Acres 0.39
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 6100.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Estimated

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 08302

Price
AVG $400K
$550K
Taxes
AVG $9,366
$17,163
Visits
AVG 364
951
Data Provided by Inside Real Estate®
Year Built
AVG 1907
1900
Walkscore
AVG 53
53
Data Provided by Walkscore® not using MLS data