This 4-unit mixed-use property presents a tremendous opportunity and includes two storefronts (totaling 4,024 sq. ft.) along with a separate two-unit duplex (2,250 sq. ft.). The duplex is fully rented with cooperative tenants, generating $1,575 per month for the 3BR/1BA unit and $1,350 per month for the 2BR/1BA unit, for a total annual rental income of $35,100. Both residential units are separately metered. The commercial buildings offer significant potential for renovation and can be adapted for a wide variety of uses. The property is being sold strictly as-is, with the buyer responsible for all due diligence. Please note that this property may not qualify for conventional financing. Acceptable financing options include cash purchase, hard money loan, or commercial loan. Sold strictly AS-IS . Bring all offers!
Penns Grove is located in New Jersey. Penns Grove, New Jersey has a population of 4,836. Penns Grove is less family-centric than the surrounding county with 19.3% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Penns Grove, New Jersey is $26,975. The median household income for the surrounding county is $67,898 compared to the national median of $69,021. The median age of people living in Penns Grove is 27.2 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 25.6 degrees. The average rainfall is approximately 43.7 inches per year, with 12.8 inches of snow per year.
