569 MORTON AVE Active

Bridgeton,NJ 08302

$ 529900

- Bed

- Bath

6000 SqFt


Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $88

Subdivision None Available

MLS Listing ID NJCB2021534

Style Other

Year Built 1923

Available Date 2024-12-06

Annual Tax Amount $5,135

Tax Year 2023

Lot Size 0.480 Acres

Property Sub-Type Detached

Property Description

Check out this wonderful business opportunity!
Mixed-use property: Includes a 2,000 sq. ft. commercial storefront and four two bedroom residential apartments ..
Revenue potential: Multiple streams of income from residential and commercial tenants.
Upgrades: Electric panels, hot water heaters, and HVAC system for the storefront have been modernized.
Utilities: Separate meters for all units, so tenants cover their own utilities—lowering landlord expenses.
Convenience: Fantastic location with easy access to RT 55, offering high visibility and accessibility.
Flexibility: Three tenants are on month-to-month leases, giving options for rent adjustments or new arrangements.
Updated systems: Modern septic installed 2020 and well systems ensure fewer maintenance headaches.
This could be ideal for an investor or owner-operator seeking passive income with minimal overhead due to the updates and tenant responsibility for utilities.

Location

State NJ

County Cumberland

Area Deerfield Twp (20603)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas,Electric

Cooling Ceiling Fan(s),Wall Unit

Exterior

Garage Spaces 12.0

Water Access N

Building

Lot Description Cleared,Corner,Level,Open

Foundation Block,Brick/Mortar

Sewer On Site Septic

Water Private

New Construction N

Schools

High Schools Cumberland Reg

School District Cumberland Regional

Others

Acceptable Financing Conventional,Cash

Listing Terms Conventional,Cash

Special Listing Condition Standard

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