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231 S Black Horse Pike

Blackwood, NJ 08012

– beds
– baths
– sqft
11,325 sqft lot
1973 build

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This property consists of 2 commercial units on the first floor which have long term tenants on month-to-month leases and 2 residential units on the second floor, also long term month-to-month tenants. All tenants have their own heat and electric. Landlord pays water and sewer. Current monthly rents totaling +/- $37,000.00 per year are well below market value. This is an outstanding investment opportunity which offers a huge upside potential. This building could be purchased by an investor for passive income or could be used as an owner/occupant affording them substantial monthly income. The property is well kept, but could use some cosmetic updates within the residential units. Seller to have a brand new silicone roof installed on the building w/10 year warranty. Property is a stone's throw from the Gloucester Premium Outlets, a thriving +/- 1,000 square foot fashion outlet.

Listing courtesy of BRIGHT / Piccolo Realty, LLC

Last checked: Checking… • Last updated Feb 22, 2024 •

MLS# NJCD2054556 —

The Building

Year Built:

1973
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Brick
Structure Type:

Other
Architectural Style:

Other
Building Levels:

2
Building Units Total:

4
Roof:

Pitched, Shingle
Accessibility Features:

None
Foundation Details:

Slab
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor

Interior

Living Area SqFt Source:

Assessor

Room Dimensions

Living Area SqFt:

0 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Buyer Financing:

Cash
Possession:

Settlement

Location

Directions:

BHP to property on left directly across from Our Lady of Hope school.
Cross Street:

Cressmont Ave
Latitude:

39.79513550
Longitude:

-75.06248474
Location Type:

Suburban

The Property

Property Type:

Multi-Family
Property Subtype:

Quadruplex
Property Condition:

Average
Lot Size Units:

Square Feet
Lot Size Acres:

0.26
Lot Size Source:

Estimated
Lot Size Dimensions:

87 x 121
Lot Dimensions Source:

Estimated
Lot SqFt:

11,325 Sqft
Zoning:

COMM
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

15-12501-00005
Tax Year:

2022
Tax Lot:

00005
Tax Annual Amount:

$10,512
Tax Assessed Value:

$247,300
Year Assessed:

2022
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale
Buyer's Brokerage Compensation:

3%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Utilities:

Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Black Horse Pike Regional Schools
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Total Garage and Parking Spaces:

15
Garage:

No
Type of Parking:

Parking Lot
Parking Lot - # of Spaces:

15

Extra Units

Vacation Rental:

No
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/21/24 Feb 21, 2024	Sold	BRIGHT	$400,000	-5.9%
1/18/24 Jan 18, 2024	Pending	BRIGHT	$424,900
1/12/24 Jan 12, 2024	Sold Subject To Contingencies	BRIGHT	$424,900

Multifamily Sold on 2/21/2024

$400,000

Listing provided by broker:

Kevin Piccolo

Piccolo Realty, LLC

(856) 228-5353

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Listing Courtesy of: BRIGHT and Piccolo Realty, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

231 S Black Horse Pike

Blackwood, NJ 08012