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Listed by Tracy Harron • Keller Williams Realty
$ 925,000
Est. payment | /mo
0.36 Acres Lot
$ 925,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID NJGL2076176
Year Built 1960
Annual Tax Amount $14,638
Tax Year 2025
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
56 Linwood presents a rare opportunity to acquire a fully stabilized, six-unit multifamily investment offering an attractive 8.0% in-place cap rate and immediate cash flow. Each unit is 2 beds/1 bath with seperate metered gas/electric. This professionally maintained asset is 100% occupied with an established tenant base and has undergone a comprehensive value-add transformation over the past five years. Ownership has strategically renovated units, achieved market rents, implemented a utility reimbursement program, and completed significant capital improvements, including a new and replacement of the front concrete walkway—allowing a new owner to step into a true turnkey investment with limited anticipated near-term capital expenditures.
The property also features a separate six-bay garage/storage building that enhances tenant convenience while providing future income potential, as well as coin-operated laundry for supplemental revenue. Situated on a quiet, tree-lined street in Monroe Township, the property benefits from strong tenant appeal and convenient access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
The property also features a separate six-bay garage/storage building that enhances tenant convenience while providing future income potential, as well as coin-operated laundry for supplemental revenue. Situated on a quiet, tree-lined street in Monroe Township, the property benefits from strong tenant appeal and convenient access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
Location
State NJ
County Gloucester
Area Monroe Twp (20811)
Zoning APARTMENT
Interior
Hot Water Electric
Heating Radiator
Cooling None
Flooring Solid Hardwood
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Monroe Township
Others
Tax ID 11-03301-00005
Ownership Fee Simple
Special Listing Condition Standard
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Beata Lagares
Agent | License ID: 1862650