Great Positive Cash Flow Investors Dream Don't miss out on this great investment property with great positive cash flow. This property has Historical background without the historical home restrictions. The 3 story property consist of 6-one bedroom units with a history of easy to rent units. Each of the 6 units pay their own utilities for gas or electric. The owner pays a flat $2,900 per year total for water and sewer because Paulsboro does not meter their water. The owner also pays approximately $2,600 in common area electric per year. When you run the income and expenses, this property is a money maker. Property is conveniently located near the new Port of Paulsboro that is going to help the economy and housing market, making this property easy to rent and a good long term investment. Also conveniently located just off of Rt 295 North & South to be in the City or Delaware within 15-20 minutes. Property is in need of a roof replacement. Owner is willing to replace or negotiate.
|--||New Value: $239,900|
|1/9/2019 9:56:00 AM|