Gloucester City NJ Multi Family for Sale
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1880
- Baths:
- MLS#:
- NJCD2076912
- Subdivision:
- Normandy Hamlets
ADDITIONAL INFORMATION
Take over this cash-flowing quadraplex in the heart of Gloucester City, a commuterâs dream location. Each of the four units features 2 bedrooms, 1 bathroom, a spacious living room, and an eat-in kitchen, offering comfortable layouts ideal for renters. The property has been recently renovated, ensuring low maintenance for the new owner. Currently fully occupied, this investment property generates consistent income and has value-add opportunities. Whether you're expanding your portfolio or looking for your first income property, this turnkey quadplex is an excellent opportunity. Don't miss out!
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- NJCD2076844
ADDITIONAL INFORMATION
Attention Investors! Income-generating DUPLEX opportunity in Gloucester City. The first-floor unit is a 1 bed, 1 bath with a basement and a small deck leading to the backyard. The second-floor unit has 2 beds, 1 bath with a loft and an enclosed porch off the entrance. The rental potential for the bottom unit is $1200-1300/month, while the top unit's rental potential is $1600-1700/month. Top unit is occupied and the bottom unit is vacant. The new owner can choose to live in the bottom unit and rent out the top unit to help pay the mortgage. The property has separate utilities for electric and gas and is walking distance to Cold Springs Elementary School. The property is being sold in AS-IS condition. Please bring all offers.
- Type:
- Twin Home
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- NJCD2071578
ADDITIONAL INFORMATION
Motivated Seller. This 6 unit apartment building is now for sale and cash flowing in downtown Gloucester City. All units recently updated and inspected, lead certs on file. Great for a 1031 Exchange. Deeded as 2 twins attached to one another, this building offers split gas and electric meters in the basement with owner paying for, water and sewer. Owner is reimbursed for heat by all tenants. Annual insurance is 4800/yearly. Quarterly CCMUA is $88./ per tenant. Utility usage is $55./mo per tenant. This building has 2 individual tax bills. (218 S. Broadway is $3357./yr and 220 S. Broadway is $6450./yr). Current monthly income is $7150./mo. and is fully occupied. This building is professionally managed by Connection Property Mgt.
- Type:
- Twin Home
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1944
- Baths:
- MLS#:
- NJCD2062404
ADDITIONAL INFORMATION
Attention Investors! Income-making DUPLEX opportunity in Gloucester City. First floor unit is an efficiency unit with a basement and backyard, second floor unit has one bedroom, one bath and an enclosed deck off the kitchen. Bottom unit rental potential is $800/month and top unit rental potential is $1000/month. Top unit has been occupied by long term tenant paying $800/mo. Bottom unit is vacant. New owner has option to live in bottom and rent out top unit to help pay the mortgage. Each unit has newer water heaters. Separate (electric and gas) utilities. This property is walking distance to waterfront park and marina area. Property being sold AS-IS condition. Please bring all offers.
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Gloucester City Real Estate
The median home value in Gloucester City, NJ is $250,000. This is higher than the county median home value of $170,800. The national median home value is $219,700. The average price of homes sold in Gloucester City, NJ is $250,000. Approximately 60.85% of Gloucester City homes are owned, compared to 29.35% rented, while 9.81% are vacant. Gloucester City 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 Gloucester City real estate agent to arrange a tour today!
Gloucester City, New Jersey has a population of 11,333. Gloucester City is less family-centric than the surrounding county with 21.22% of the households containing married families with children. The county average for households married with children is 29.33%.
The median household income in Gloucester City, New Jersey is $51,152. The median household income for the surrounding county is $65,037 compared to the national median of $57,652. The median age of people living in Gloucester City is 35.7 years.
Gloucester City Weather
The average high temperature in July is 88 degrees, with an average low temperature in January of 27.4 degrees. The average rainfall is approximately 46.2 inches per year, with 15 inches of snow per year.