***Property being sold completely As-Is. Buyer will be responsible for all C/O requirements and township inspections related to the sale of the property*** Multifamily triplex property that would be excellent for an investor or owner occupant. Conveniently located within minutes of several major highways and the NJ Turnpike offering easy access to Philadelphia. 118 Bishop Street features three 2-Bedroom, 2-Bathroom rental units with long-term tenants and excellent rental income. All units are well maintained with significant upgrades throughout. Unit A is currently vacant and ready to be leased out immediately. Unit B is currently rented at $990. Unit C is currently rented at $1,150. There is a 3-bay garage attached to the building for an additional revenue stream. All separate utilities and electric heat with the landlord covering water, insurance & taxes. This is an excellent investment opportunity with major upside.
Excellent opportunity to add to your portfolio with this 4 unit mixed use building located on main corridor in Browns Mills, close to Lakehurst Rd. and Trenton Ave.. The building features 2 commercial units on the 1st floor and 2 apartments on 2nd floor. The downstairs commercial space is leased out by a spa on a yearly basis and occupies both units the spa has been a tenant for years. There are two apartments upstairs with long term tenants and excellent rental history. The total income of the property is $45,600 per year, the P&L is located in documents. Rental rates are below market value with a good deal of upside. The rear of the property has a decent sized parking area for tenants and customers. There is an egress to Market Street from the rear of the property and access to public parking if needed. The adjacent properties are a convenience store, restaurant and residential properties.
The median home value in Browns Mills, NJ is $322,250. This is higher than the county median home value of $316,600. The national median home value is $338,100. The average price of homes sold in Browns Mills, NJ is $322,250. Approximately 69.24% of Browns Mills homes are owned, compared to 18.76% rented, while 12% are vacant. Browns Mills 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 Browns Mills real estate agent to arrange a tour today!
Browns Mills, New Jersey has a population of 10,053. Browns Mills is less family-centric than the surrounding county with 21.33% of the households containing married families with children. The county average for households married with children is 32.09%.
The median household income in Browns Mills, New Jersey is $70,698. The median household income for the surrounding county is $95,935 compared to the national median of $69,021. The median age of people living in Browns Mills is 40.5 years.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 23.1 degrees. The average rainfall is approximately 46.8 inches per year, with 13.8 inches of snow per year.