146 E Broad St, Gibbstown, NJ 08027

Don't miss out on these 4300 square feet commercially zoned (C-1) 4-unit, mixed use building with the property consisting of two commercial storefronts and two residential apartments above, all situated on a double lot that includes a paved parking lot area. Each of the four units has its own gas heating system. Each of the four units has its own gas hot water heater. Each of the four units had its own separate electric meters. Perfect set up to keep the costs down for the property owner. You will love the additional lot included which is a paved parking lot, servicing the four units as well as plenty of on street parking as well. The building consists of four units. Unit #146 is top left 2nd floor apartment. This two-bedroom one bath 960 square foot apartment has remodeled kitchen cabinets, granite counters, tile backsplash, remodeled tiled full bath, double sink/vanity with marble top and updated planked flooring throughout the rest of the apartment. Unity #148 is the top right. Huge 1125 square foot two bedroom one-bath apartment that is large enough to be a three-bedroom apartment. Unit #150 is a spacious 1500 square foot storefront with one powder room that was used as a restaurant for so many years. This unit is in need of renovations, but the potential is endless. Unit #152 is a 960 square foot storefront with one powder room that was used as a barber shop for years. This space also houses the four separate gas hot water boiler heating systems and the four separate gas hot water heaters. This building has been part of this tight-knit community for so many years. Looking for someone to bring this property back to its prime, as the Seller is looking to sell in its present AS-IS condition. There is so much potential, with rents potentially exceeding $5000 - $6000 per month with all four units. The property is on the main road going through town, right in the heart of the business area. Very desirable location for tenants who occupy the apartments, being close to the schools. Also conveniently located just off of multiple exits of Route 295 North and South for easy access from the City or Delaware, all within minutes. Hurry before this great investment property with so much potential positive cash flow is gone. 2023-10-13