Investment Opportunity – Income-Producing Rooming House with Multiple Rental Units! Unlock the potential of this unique income-generating property featuring a including 8 one-bedroom units, 1 efficiency unit, and 1 apartment. Whether you're an experienced investor looking to expand your portfolio or a newcomer seeking a property with strong cash-flow potential, this versatile building offers an excellent opportunity. The property is designed to accommodate multiple tenants, providing diversified rental income streams. Common areas and shared amenities offer convenience for residents while helping maximize occupancy potential. The apartment unit provides additional flexibility currently used for living space for on-site management. Situated in a convenient location close to shopping, dining, public transportation, and major roadways, this property offers accessibility and appeal to a variety of tenants. With demand for affordable housing continuing to grow, this rooming house presents a valuable opportunity to generate consistent income and build long-term equity.
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Listing Snapshot
Price
$250,000
Days On Site
98 Days
Bedrooms
1
Inside Area (SqFt)
5,706 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.13 Acres
Year Built
1900
MLS® Number
NJCB2031364
Status
Pending
Property Tax
$7,402
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
4 weeks ago
Status changed to Pending
4 weeks ago
Listing updated with changes from the MLS®
a month ago
Price changed to $250,000
3 months ago
Listing first seen on site
General Features
Acres
0.13
Cross Street
LANDIS
Foundation
Other
Parking
Other
Property Sub Type
Multi Family
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
5706
SqFt Total
5706
Style
Other
Water Source
Public
Zoning
APART
Interior Features
Basement
Partial
Cooling
Wall Unit(s)Electric
Heating
OilBaseboard
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Exterior Features
Construction Details
Brick
Pool Features
None
Community Features
MLS Area
Vineland City (20614)
School District
CITY OF VINELAND BOARD OF EDUCATION
Schools
School District
CITY OF VINELAND BOARD OF EDUCATION
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Better Homes and Gardens Real Estate Maturo
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