Description
*Investor & Developer Alert** Rent averages approx 1400/per month per unit (under market value -you can freshen up these units and charge more!) This is a 13-year young Quad project split into two buildings. Each Building features two mirror image, 2-story townhomes. 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 approx 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. 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 - but must apply for a variance & provide site plan to township. 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). 2OF 4 leases have rolled over to m-to-m. Leases APPEAR TO BE under market value for newer 3 bed 1.5 bath UNITS in Glassboro. AS-IS Sale. Owner will update his landlord registrations and c.o's. However Glassboro does not allow them to transfer. Once purchased, new landlord will need to perform their own landlord registrations and temp c.o. Buyer or buyer's rep to order, pay for all inspections, certifications and other township or lender requirements pre- and post-closing. Glassboro does a "Transfer of title" on AS-IS sales, then new landlord has to do their Landlord Registration which is $160 per unit as of /2021. (Township is only doing exterior c.o. & registration inspections during Covid-19 emergency. Landlord sends pics of interiors.) All units are set up just as shown in unit 3 photos within the listing.
-
0BEDS
-
1.13ACRES
-
0BATHS
-
01/2 BATHS
-
4,640SQFT
-
$129$/SQFT
Description
*Investor & Developer Alert** Rent averages approx 1400/per month per unit (under market value -you can freshen up these units and charge more!) This is a 13-year young Quad project split into two buildings. Each Building features two mirror image, 2-story townhomes. 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 approx 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. 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 - but must apply for a variance & provide site plan to township. 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). 2OF 4 leases have rolled over to m-to-m. Leases APPEAR TO BE under market value for newer 3 bed 1.5 bath UNITS in Glassboro. AS-IS Sale. Owner will update his landlord registrations and c.o's. However Glassboro does not allow them to transfer. Once purchased, new landlord will need to perform their own landlord registrations and temp c.o. Buyer or buyer's rep to order, pay for all inspections, certifications and other township or lender requirements pre- and post-closing. Glassboro does a "Transfer of title" on AS-IS sales, then new landlord has to do their Landlord Registration which is $160 per unit as of /2021. (Township is only doing exterior c.o. & registration inspections during Covid-19 emergency. Landlord sends pics of interiors.) All units are set up just as shown in unit 3 photos within the listing.
©2021 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 Realty - Matt Fetick Team. 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: 2021-03-07T23:50:35.627.