This is an outstanding investment opportunity which offers a huge upside potential. Current monthly rents totaling +/- $37,000 per year are well below market value. The property consists of 2 commercial units on the first floor which have long term tenants on month-to-month leases and 2 residential units on the second floor, also long term month-to-month tenants. This building could be purchased by an investor for passive income or could be used as an owner/occupant affording them substantial monthly income. All tenants have their own heat and electric. Landlord pays water and sewer. The property is well kept, but could use some cosmetic updates within the residential units. Seller to have a brand new silicone roof installed on the building w/10 year warranty. Property is a stone's throw from the Gloucester Premium Outlets, a thriving +/- 1,000 square foot fashion outlet.
Listing courtesy of Piccolo Realty, LLC. Contact: (856) 228-5353Selling Office: .