32 W Barber Ave, WOODBURY Property Listing: MLS® #NJGL245718

Buy this property as an owner occupant, using the rental income to pay your mortgage with possible positive cash flow. Here's how As-is Purchase price is $165,000 Renovate Duplex $35,000 Total Cost $200,000. After renovation occupy the second floor 3 bedroom apartment. A monthly payment on a 4% 30 year $200,000 fixed mortgage is approximately $955 Real Estate tax monthly payment is approximately $635 Total Monthly cost $1,580. The office/warehouse rental income is $700 the two bedroom first floor apartment rental income is $1,000, Total Monthly Income $1,700 Total Positive Cashlow $120.00 per month Or BUY THIS PROPERTY AS AN INVESTOR AND Rent the second floor 3 bedroom apartment for a total annual income of $37,200 Producing a Capitalization Rate of 18.6%.

32 W Barber Ave, WOODBURY Property Listing: MLS® #NJGL245718 Close
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  • Price$165,000
  • Sq. Ft.2,089
  • Acres0.12
  • Built1920

32 W Barber Ave, WOODBURY

Buy this property as an owner occupant, using the rental income to pay your mortgage with possible positive cash flow. Here's how As-is Purchase price is $165,000 Renovate Duplex $35,000 Total Cost $200,000. After renovation occupy the second floor 3 bedroom apartment. A monthly payment on a 4% 30 year $200,000 fixed mortgage is approximately $955 Real Estate tax monthly payment is approximately $635 Total Monthly cost $1,580. The office/warehouse rental income is $700 the two bedroom first floor apartment rental income is $1,000, Total Monthly Income $1,700 Total Positive Cashlow $120.00 per month Or BUY THIS PROPERTY AS AN INVESTOR AND Rent the second floor 3 bedroom apartment for a total annual income of $37,200 Producing a Capitalization Rate of 18.6%.

Essential Information

  • MLS® #NJGL245718
  • Price$165,000
  • Bathrooms0.00
  • Square Footage2,089
  • Acres0.12
  • Year Built1920
  • TypeMulti-Family
  • Sub-TypeDuplex, Detached
  • StyleDwelling with Rental
  • StatusActive

Amenities

  • # of Garages1
  • GaragesOversized

Exterior

  • ExteriorFrame

Additional Information

  • Date ListedAugust 5th, 2019
  • Days on Market14
  • ZoningC-1

Community Information

  • Address32 W Barber Ave
  • AreaWoodbury City (20822)
  • CityWOODBURY
  • CountyGLOUCESTER-NJ
  • StateNJ
  • Zip Code08096

Interior

  • HeatingForced Air
  • CoolingNone

School Information

  • DistrictWOODBURY PUBLIC SCHOOLS

Listing Details

  • Listing OfficeRichard Neely Real Estate

Price Change History for 32 W Barber Ave, WOODBURY, NJ (MLS® #NJGL245718)

Date Details Price Change
Price Reduced (from $186,500) $165,000 $21,500 (11.53%)
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Listing information last updated on August 18th, 2019 at 3:30pm EDT.