$600,000 125 Earl Avenue Glassboro, NJ

MLS: NJGL256376   Type: Multi-Family   County: Gloucester   City: Glassboro   Area: Glassboro Boro   Zip: 08028   Style: Colonial,Traditional,Side-by-Side   # Rooms: 12    Taxes: $14,508

Mortgage $2,817 /mo



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*Investor & Developer Alert** Rent is 1400/per month per unit (under market value -you can freshen up these units and charge more!) TENANTS PAY ALL UTILITIES. Owner's basic expenses are taxes, insurance and grounds maintenance. Great investment package for novice or expert Real Estate Investor. Located only a quick 2 miles from Rowan University/Rowan Blvd; Rts 47, 322 & 55 and the newer Glassboro Town square development. close to all major shopping centers. Couple it with 123 Earl to provide a 9 (potentially 10) unit private development on Earl Ave. This is a 12 year young Quad project split into two buildings. Each Building features two mirror image townhomes. These units boast 3 bedrooms, a large living room, dining room, L-shaped kitchen, 1st floor 1/2 bath and 1st fl laundry closet. Upstairs you'll find 3 bedrooms and a generously-sized full bath. Units have central a/c, gas heat, patio doors from dining room to rear yard and paved off-street parking. Tenants pay all utilities. The lot is 1.13 acres, and is NOT FULLY DEVELOPED! Owner says THERE IS ROOM TO ADD ANOTHER DUPLEX or TWO AT THE REAR OF THE PROPERTY - apply for a variance & provide site plan to township. WITH COVID-19 ADDITIONAL STUDENT HOUSING IS NEEDED. CONVERT THESE TO STUDENT HOUSING & Build more! Glassboro is experiencing a renaissance with new development everywhere! Retail outlets, new nearby $356-million dollar Inspira Hospital completed 12/19 - adjacent to Rowan's West Campus and Tech Campus; a new multi-million dollar True North church (opened 3/20) recently built Tech & Medical Campuses at Rowan, New Fine Dining & Casual Eateries and MicroBreweries. Ride by the development. Do NOT PULL INTO DRIVEWAYS ONTO THE PROPERTY. DO NOT DISTURB TENANTS! (Buyers must perform their own due diligence with township regarding obtaining variances for additional units). 3 OF 4 leases have rolled over to m-to-m. The other unit is Section-8 and just renewed in March. Leases APPEAR TO BE UNDER market value for newer 3 bed 1.5 bath UNITS in Glassboro. AS-IS Sale. Buyer or buyer's rep to order, pay for all inspections, certifications and other township or lender requirements for closing.

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Price History

3/14/2020 Listed $619,000
4/15/2020 4% - $600,000

Acceptable Financing Cash, Conventional
Accessibility None
Architectural Style Colonial, Traditional, Side-by-Side
Cool Fuel Electric
Exclusions Tenant's personalty
Garage Y/N N
MLS Area Glassboro Boro (20806)
New Construction N
Numberofunitsvacant 0
One Bedroom Units Count 0
Other Units Unit 1, Unit 2, Unit 4, Unit 3
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 129.31
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Good
Rent Control Y/N N
Single Room Units Count 0
Structure Type Twin/Semi-Detached
Tax Year 2019
Total Units 4
Two Bedroom 0
Vacation Rental Y/N N
Zoning R5

Interior Features

Basement Y/N N
Central Air Y/N Y
Cooling Central A/C
Electric 100 Amp Service
Fireplace Y/N N
Furnished Units None
Heating Forced Air
Heating Fuel Natural Gas
Heating Y/N Y
Hot Water Natural Gas
Interior Features Floor Plan - Traditional
Living Area 4640
Three Bedroom Units Count 4
Total Rooms 12
Utilities Cable TV

Exterior Features

Construction Materials Vinyl Siding
Lot Dimensions 0.00 x 0.00
Lot Features Backs to Trees, Level, No Thru Street, Partly Wooded
Lot Size Acres 1.13
Lot Size Source Assessor
Lot Size Square Feet 49223.00
Navigable Water Y/N N
Off Street - # Of Spaces 12
Other Structures Above Grade, Below Grade
Parking Features Paved Parking
Pool Y/N No Pool
Roof Architectural Shingle
Sewer Public Sewer
Spa N
Total Parking Spaces 12
Type of Parking Off Street
Water Access Y/N N
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools

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Gallery (34 photos)

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Property vs Zip Code Avg (08028)

Price 600K Avg 600K

Taxes $14,508 Avg $14,508

Acres 1.13 Avg 1.13

Visits 18 Avg 19

Days on Site 77 Avg 77

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Listing Provided Courtesy Of: Vanguard Realty Group Inc

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Location & Address

Torri Green
2200 Walnut Street
Philadelphia, PA