Florence NJ Multi Family for Sale

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Type:
Single Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.06 Acres
Year built:
1940
Baths:
MLS#:
NJBL2075956

ADDITIONAL INFORMATION

Investor Alert - Brand new, completely rebuilt 4-unit multifamily property! 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.

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Andrea Conner, Maryland License 667140, Xome Inc., License 667140, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, D.C. License BR200200783, Xome Inc., License CO98372739, [email protected], 844-400- 9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, PA License # RM425337, Xome Inc., PA License #RB067821, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Andrea Conner, NJ License # 1758875, Xome Inc. NJ License # 2326449, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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Florence Real Estate

The median home value in Florence, NJ is $351,000. 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 Florence, NJ is $351,000. Approximately 58.45% of Florence homes are owned, compared to 34.85% rented, while 6.7% are vacant. Florence 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 Florence real estate agent to arrange a tour today!

Florence, New Jersey has a population of 5,509. Florence is less family-centric than the surrounding county with 27.18% of the households containing married families with children. The county average for households married with children is 32.09%.

The median household income in Florence, New Jersey is $88,431. 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 Florence is 40.9 years.

Florence Weather

The average high temperature in July is 86.3 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 13.3 inches of snow per year.

Florence Real Estate Market Conditions

  • Median sales price

    $351,000
    18.4% change since last quarter
  • # Active listings

    25
    30-day change

Florence Schools and Demographics

Education near Florence, NJ

Metric City County
High School Graduates 87.55 93.96
College Degree - 2 year 5.18 8.19
College Degree - 4 year 25.17 39.95
Graduate Degree 5.6 10.34
Expenditures per Student 23,754 23,754
Students per Teacher 11.7 11.7

Elementary Schools near Florence, NJ

School Grades Students P/T Ratio ZIP
B. Bernice Young Elementary School PK - 02 899 14.1 08016
Captain James Lawrence Elementary School PK - 02 173 14.5 08016
Clara Barton Elementary School PK - 03 237 12.2 08505
Elias Boudinot Elementary School KG - 02 93 14.5 08016
Fountain Woods Elementary School 03 - 05 878 13.1 08016
International Charter School of Trenton KG - 04 90 8.7 08611
Mott Elementary School KG - 05 417 11.9 08611
Parker Elementary School KG - 05 537 12.8 08611
Peter Muschal Elementary PK - 03 601 14.7 08505
Riverbank Charter School of Excellence KG - 03 144 9.6 08554
Roebling Elementary School KG - 03 455 10.7 08554
Samuel Smith Elementary School PK - 02 318 9.6 08016
Washington Elementary School KG - 04 280 13.3 08611
Wilbur Watts Intermediate School 03 - 06 413 10.7 08016

Middle Schools near Florence, NJ

School Grades Students P/T Ratio ZIP
Bordentown Regional Middle School 06 - 08 577 13.7 08505
Burlington Township Middle School At Springside 06 - 08 913 10.8 08016
Florence Riverfront School 04 - 08 710 13.2 08518
Mac Farland Intermediate 04 - 05 405 13 08505

High Schools near Florence, NJ

School Grades Students P/T Ratio ZIP
Bordentown Regional High School 09 - 12 741 13.8 08505
Bulington City High School 07 - 12 705 8.8 08016
Burlington Township High School 09 - 12 1,297 13.1 08016
Florence Township Memorial High School 09 - 12 433 15.8 08518

Ungraded Schools near Florence, NJ

School Grades Students P/T Ratio ZIP
Doves 09 - 11 0 08505
Trenton Stem-To-Civics Charter School 09 - 09 101 12.6 08611

Demographics near Florence, NJ

Metric City County
Neighborhood Type Suburban
Population 5,509 460,102
Population Density 2,903 576
Median Age 40.9 41.5
People per Household 2.5 2.6
Median Household Income 88,431 95,935
Average Income per Capita 40,002 47,065