22 N BLACK HORSE PIKE, Blackwood, NJ 08012
See all 4 photos
22 N BLACK HORSE PIKE, Blackwood, NJ 08012
22 N BLACK HORSE PIKE, Blackwood, NJ 08012
22 N BLACK HORSE PIKE, Blackwood, NJ 08012
Listed by Wanda McIlvaine • BHHS Fox & Roach-Mullica Hill South
Bought with Wanda L McIlvaine • BHHS Fox & Roach-Mullica Hill South

$235,000

Est. payment /mo

$279,900

16.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

22 N BLACK HORSE PIKE Blackwood, NJ 08012

3,724 Sqft Lot

SOLD DATE : 07/01/2022

Key Details

Sold Price $235,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NJCD2024650

Sold Date 07/01/22

Year Built 1920

Annual Tax Amount $10,404

Tax Year 2020

Lot Size 3,724 Sqft

Acres 0.09

Lot Dimensions 113.00 x 32.94

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

First time offered in 33 years! What does that tell you?
Six (6) unit income producing property. Two commercial units and 4 residential units. Fully leased. All for several years! Commercial Unit 1: Store front, open room, powder room and storage area. Commercial Unit 2: Music studio, 5 small sound studio rooms and a powder room. Apartment D - 1st Floor: living room, kitchen, 2 bedrooms and bath. Second Floor. Apartment B: 1 bedroom, 1 kitchen, 1 living room, 1 bath. Apartment B : 1 bedroom, 1 kitchen, 1 living room, 1 bath. Apartment A: 2 bedrooms, 1 kitchen, 1 bath. Projected: FULL SERVICE NOI $16,589 Cap Rate 6.25% Est Value $265,423. SELF MANAGED NOI
$18,891 Cap Rate 6.25% Est Value $302,253. Trying to get into the real estate investment markets? Eliminate the “full management fee” and increase your value bargain price by $27,000. What a great opportunity for a real estate investor!

Location

State NJ

County Camden

Area Gloucester Twp (20415)

Zoning MIXED

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Heat Source Oil

Exterior

Garage Spaces 1.0

Water Access N

Accessibility None

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Black Horse Pike Regional Schools

Others

Tax ID 15-10606-00004

Ownership Fee Simple

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)

Nearby Locations

Ryan Fagan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 200-1145

ryan.fagan@ardhirealestate.com

1816 Mount Holly Rd, Burlington, NJ 08016, USA

GET MORE INFORMATION

Name
Phone*
Message