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Jordan Muirhead

jordan@premiumrepartners.com +1(703) 615-8732

Listed by John Rinick • Prime Realty Partners

$ 299,999

Est. payment -/mo

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Pending

26 STATE ST Penns Grove, NJ 08069

3,360 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $89

MLS Listing ID NJSA2014366

Style A-Frame

Abv Grd Liv Area 3,360

Year Built 1945

Annual Tax Amount $7,781

Tax Year 2024

Lot Dimensions 50.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Investment Opportunity at 24-26 State St.!

This quadplex is a fantastic addition to any investor's portfolio, offering significant potential for value appreciation. All four units are spacious one-bedrooms, with two currently occupied and two recently renovated and vacant.

Rents are well below market value, presenting an excellent opportunity to maximize cash flow with proper adjustments. The fair market rent (FMR) for this building is a minimum of $5,000/month, making it a strong income-generating asset.

Please note: The owner is an investor who has never visited the property, and both the owner and agent make no guarantees.

With a little vision and strategic updates, this property could be a high-performing addition to your client's portfolio. Don't miss out on this promising investment—schedule a viewing today!

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Inclusions all appliances

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style A-Frame

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Tax ID 08-00063-00010

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Private

Listing Terms Cash, Private

Financing Cash,Private

Special Listing Condition Standard

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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Jordan Muirhead

26 STATE ST Penns Grove, NJ 08069

Key Details

Location

Interior

Exterior

Building

Schools

Others

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26 STATE ST