Turn your cash into cashflow! Unique value in Desirable Billingsport. Move fast to see this impressive multi-unit property (plus a bonus lot!) on a quiet street in one of South Jersey's hottest markets. This duplex, consisting of 2, 3 bedroom 1 bathroom, units is currently leased for $2,650/month total with the detached garage capable of generating additional income. Each unit has a main floor, full basement, upstairs, and attic. The current condition is average relative to comparably priced properties and both units are current on their yearly municipal inspections. Multi-family properties in Gloucester County have surged in value over 52% in the past calendar year and there is currently a shortage of rental inventory available. An added feature of this property is a second building lot with a detached garage. This structure can generate additional income or serve as dedicated space for a hobbyist or just additional storage. More ambitious buyers could seek to develop this lot but would need to consult with the appropriate municipal authorities to determine the feasibility of any intended use. You're encouraged to learn more about this opportunity but please do not disturb the current tenants. Only individuals with an approved appointment are permitted to access/walk the property, NO EXCEPTIONS.
If you're thinking about buying or selling real estate, Paul would love a call or text from you. He is excited to hear about your situation and he knows together you can make this an experience that will take you into the next chapter of your life.
