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Bought with Edward R Marrone • RE/MAX Preferred - Sewell
UPDATED:
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJGL2068476
Sold Date 05/19/26
Year Built 1998
Annual Tax Amount $31,768
Tax Year 2025
Lot Size 0.622 Acres
Acres 0.62
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Seven (7) units feature guaranteed rental income through HUD, providing stable and predictable cash flow. The remaining units are occupied by long-term tenants, further enhancing income reliability and reducing turnover risk.
The seller is open to continuing property management for a fee, offering a seamless transition for an out-of-area or hands-off investor.
This property presents an excellent opportunity for investors seeking steady income, government-backed rent, and minimal operational disruption in an established residential area.
Highlights:
12 total units (8 one-bedroom / 4 two-bedroom)
$20,000 state of the art security system
Quiet residential location in Woodbury, NJ
7 HUD-subsidized units with guaranteed rent
Long-term tenant base
Seller-offered property management available
Strong candidate for buy-and-hold investors.
ADDITIONAL BUILDING INFO:
Roof is about 15-17 years old,
HVAC units probably 7 of the 12 are less than 5 years,
Remaining 5 are fully operational, no issues.
Location
State NJ
County Gloucester
Area Woodbury City (20822)
Zoning RM
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Heat Pump(s)
Flooring Carpet, Vinyl, Ceramic Tile
Heat Source Electric
Exterior
Garage Spaces 24.0
Water Access N
Street Surface Black Top
Accessibility Ramp - Main Level
Total Parking Spaces 24
Garage N
Building
Lot Description Road Frontage
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Woodbury Public Schools
Others
Tax ID 22-00072-00027 01
Ownership Fee Simple
Security Features Non-Monitored,24 hour security
Acceptable Financing Cash, FHA, Conventional, VA
Listing Terms Cash, FHA, Conventional, VA
Financing Cash,FHA,Conventional,VA
Special Listing Condition Standard
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Nearby Locations
Questions About This Property?
Saad Jamil
(703) 782-4830Arslan Jamil
(571) 621-5413GET MORE INFORMATION
