Discover a rare opportunity with this Class A Rooming House (Current New Jersey State License) located in the charming town of Bridgeton, NJ. Built in 1900, the property boasts 13 units within two buildings. It is currently operating at approximately 65% occupancy with current rental agreements in place. This type of asset offers a stable and consistent income stream. The property stands out in todayâs market as a hard-to-find asset class, providing a unique blend of historic charm and modern income potential. The main building is sprinklered with a fire escape exit. Eleven out of the thirteen units are in building one. Building two has two of the thirteen units with driveway access from the rear street. There is hookup in the basement of building one for a shared laundry room. Outline of floor plan/layout below: MAIN HOUSE - INTERIOR ROOMS with common area entrance First Floor Room 1 - One Room, Full Bath, Kitchenette Room 2 - Two Rooms, Full Bath, Kitchenette Second Floor Room 5 - One Room, Half Bath (toilette and sink), small fridge, and microwave Room 6 - One Room, Sink Room 7 - One Room, Toilette, Sink - Vacant Room 8 - One Room, Sink Only Room 9 - One Room, Toilette, Sink Third Floor Room 12 - One Room, Toilette, Sink Room 14 - One Room, Sink MAIN HOUSE - EXTERIOR ROOMS - Separate entrances to each unit/room via side porches Room 3 - One Room, Full Bathroom, Kitchenette, Sink Room 4 - One Room, Toilette, Shower, Kitchenette BUILDING TWO - SEPERATE STRUCTURE Room 10 - Two Rooms, Full Bath, Kitchen Room 11 - Kitchenette, Toilette, Shower
The median home value in Bridgeton, NJ is $233,900. This is higher than the county median home value of $209,000. The national median home value is $338,100. The average price of homes sold in Bridgeton, NJ is $233,900. Approximately 34.35% of Bridgeton homes are owned, compared to 53.8% rented, while 11.85% are vacant. Bridgeton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bridgeton real estate agent to arrange a tour today!
Bridgeton, New Jersey has a population of 26,643. Bridgeton is less family-centric than the surrounding county with 23.33% of the households containing married families with children. The county average for households married with children is 25.8%.
The median household income in Bridgeton, New Jersey is $39,995. The median household income for the surrounding county is $58,397 compared to the national median of $69,021. The median age of people living in Bridgeton is 29.7 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 44.7 inches per year, with 14 inches of snow per year.