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    125 Earl Avenue

    GLASSBORO, NJ 08028
    • $600,000
    • STATUS: Active
    • ON SITE: 265 days
    • ID#: NJGL256376
    UPDATED: 71 min ago
    $600,000
    • 0
      BEDS
    • 1.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,640
      SQFT
    • $129
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2008
    County:

    School Ratings & Info

    School District:

    Description

    *Investor & Developer Alert** Rent is 1400/per month per unit (under market value -you can freshen up these units and charge more!) This is a 12-year young Quad project split into two buildings. Each Building features two mirror image 2-story town-homes. 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 & 4 minute drive to Rowan University/Rowan Blvd; Rts 47, 322 & 55 and the newer Glassboro Town Square development. Close to all major shopping centers. Couple it with the seller's property at 123 Earl to provide a 9 (potentially 10) unit private development on Earl Ave. 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. 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. All units are set up just as shown in unit 3 photos within the listing.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-04T22:50:20.147.
    www.seeinsidethehouse.com/homes/104169670
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    125 Earl Avenue GLASSBORO, NJ 08028

    • Price: $600,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: NJGL256376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.13
    Acres
    4,640
    SQFT
    $129
    $/SQFT
    2008
    Built
    Neighborhood:
    Glassboro Boro (20806)
    County:
    Gloucester
    Area:
    Glassboro Boro (20806)
    School District:
    Glassboro Public Schools
    Property Description
    *Investor & Developer Alert** Rent is 1400/per month per unit (under market value -you can freshen up these units and charge more!) This is a 12-year young Quad project split into two buildings. Each Building features two mirror image 2-story town-homes. 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 & 4 minute drive to Rowan University/Rowan Blvd; Rts 47, 322 & 55 and the newer Glassboro Town Square development. Close to all major shopping centers. Couple it with the seller's property at 123 Earl to provide a 9 (potentially 10) unit private development on Earl Ave. 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. 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. All units are set up just as shown in unit 3 photos within the listing.
    Exterior Features

    Architectural Style ColonialTraditionalSide-By-Side Construction Materials Vinyl Siding Garage YN No Lot Features Backs To TreesLevelNo Thru StreetPartly Wooded Other Structures Above GradeBelow Grade Parking Features Paved Parking Parking Types Off Street Pool No Pool Property Condition Good Riparian Rights YN No Roof Architectural Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 4640 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions Tenant's Personalty Fireplace YN No Heating Forced Air Heating YN Yes Interior Features Floor Plan - Traditional Rooms Total 12 Single Room Units 0 Spa YN No Three Bedroom Units 4 Two Bedroom Units 0 Units Furnished None

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street Rt 47 Electric 100 Amp Service Existing Lease Type Yearly Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Glassboro Boro Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes Insurance Original MLSNumber 304063292499 Owner Pays Common Area MaintenanceInsuranceSewer Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 14484.00 Tax Assessment Amount 408800.00 Tax Lot 00028 Total Actual Rent 65700.00 Transportation Bus Stop Less Than 1 Mile Utilities Cable Tv Vacation Rental YN No Water Source Public Zoning R5

    Listing courtesy of Vanguard Realty Group Inc.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-04T22:50:20.147.
     
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    Clinton NJ, 08809