202 Foundry Street
Florence, NJ 08518
- – beds
- – baths
- 3,888 sqft
- 2,640 sqft lot
- $231 per sqft
- 1940 build
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.
Last checked:
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Last updated Nov 8, 2024
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MLS# NJBL2075956 —
The Building
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Year Built:1940
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Year Built Source:Assessor
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New Construction:Yes
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Construction Materials:Brick
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Construction Completed:Yes
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Dwelling with Rental
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Accessibility Features:None
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Foundation Details:Block
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Total SqFt Source:Assessor
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Tax Total Finished SqFt:3888
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:3888
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Living Area SqFt:3,888 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash
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Possession:0-30 Days CD, 31-60 Days CD, Negotiable
Location
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Directions:Use GPS
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Latitude:40.12348557
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Longitude:-74.81664276
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Assessor
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Lot SqFt:2,640 Sqft
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Zoning:COMMERCIAL
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 465-9573
- Office phone:
- (856) 810-5300
Taxes
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Tax ID Number:15-00014-00001
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Tax Year:2024
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Tax Lot:00001
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Tax Annual Amount:$12,541
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Tax Assessed Value:$450,000
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Year Assessed:2024
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Florence Township Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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One Bedroom Units:2
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Two Bedroom Units:1
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/6/24
Nov 6, 2024
|
Listed / Active | BRIGHT | $900,000 |
