UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,888 sqft
Price per Sqft $231
MLS Listing ID NJBL2092754
Style Other
Abv Grd Liv Area 3,888
Year Built 1940
Annual Tax Amount $12,541
Tax Year 2024
Lot Size 2,640 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
This FULLY occupied 4-unit Multifamily property in Florence, NJ at 202 Foundry Street presents an excellent investment opportunity. The property features four rental units with long-term tenants, offering one 3-Bedroom unit; one 2-Bedroom unit; & two 1-Bedroom units. Conveniently located near I-295 and the NJ Turnpike, it provides easy access to Philadelphia and New York City.
Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income.
Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location.
Location
State NJ
County Burlington
Area Florence Twp (20315)
Zoning MULTIFAMILY
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Florence Township Public Schools
Others
Tax ID 15-00014-00001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and homebuyers in finding their perfect piece of paradise in New Jersey.
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