Investor Alert - Brand new, completely rebuilt 4-unit multifamily property! This FULLY occupied 4-unit Multifamily property in Florence, NJ at 202 Foundry Street presents an excellent investment opportunity. The property features four rental units with long-term tenants, offering one 3-Bedroom unit; one 2-Bedroom unit; & two 1-Bedroom units. Conveniently located near I-295 and the NJ Turnpike, it provides easy access to Philadelphia and New York City. Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income. Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location.
Florence is located in New Jersey. Florence, New Jersey has a population of 5,509. Florence is less family-centric than the surrounding county with 27.18% of the households containing married families with children. The county average for households married with children is 32.09%.
The median household income in Florence, New Jersey is $88,431. The median household income for the surrounding county is $95,935 compared to the national median of $69,021. The median age of people living in Florence is 40.9 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 13.3 inches of snow per year.
