446 BEACON AVE PAULSBORO, NJ 08066

446 BEACON AVE PAULSBORO, NJ 08066

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Property Type

Multi-Family

MLS#

6968975

Lot Size

16988 sq ft

Year Built

1890

List Price

$294,900

"Great Positive Cash Flow" "Investors Dream" Don't miss out on this great investment property with great positive cash flow. This property has Historical background without the historical home restrictions. The 3 story property consist of 6-one bedroom units with a history of easy to rent units. Each of the 6 units pay their own utilities for gas or electric. The owner pays a flat $2,900 per year total for water and sewer because Paulsboro does not meter their water. The owner also pays approximately $2,600 in common area electric per year. When you run the income and expenses, this property is a money maker. Property is conveniently located near the new Port of Paulsboro that is going to help the economy and housing market, making this property easy to rent and a good long term investment. Also conveniently located just off of Rt 295 North & South to be in the City or Delaware within 15-20 minutes. Property is in need of a roof replacement. Owner is willing to replace or negotiate.

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