Sold

16-18 E Washington Street, Paulsboro, NJ 08066

Sqft
2,280

View property features, location on map, relevant school information and overview from seller's agent.

Listed byHOF Realty
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Overview

Nice duplex property right next to the Paulsboro Police Station. (2) 4 Bedroom- One Bath Units. The property was renovated in 2020 with new plumbing, electric. Each unit has basement storage with washer + dryer included for the tenant. Tenants pay 1935 and 2100 monthly. One tenant pays all utilities (W/S/E/G), and the other pays (E/G) and landlord pays (W/S). Landlord has provided working camera system on the building and currently pays for a shared internet. Keeping the shared internet will be the choice of the new landlord. Both tenants are pleasant and pay on time each month. Spacious yard space for the tenants, and the front yard was upgraded to artificial grass ensuring low costs to maintain the exterior of the building each year. One unit has lifetime lead cert and the other has to be re-swiped in 3 years. At the price listed after taxes/insurance/water/sewer, it is a 10% cap rate.

With the news of listing the building, one tenant has offered to vacate if the new owner would like to be a owner/occupant. This can be negotiated during the sale.

Seller is also selling 214-216 Billingsport Rd, Paulsboro, and both duplex's can be offered as package deal.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
2,280
Lot size (acres)
0.11
Year built
1920

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Natural gas, Forced air
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$7,703

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: NJGL2070098 Last checked:

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