72 South Broad Street

Penns Grove, NJ 08069

$349,900
Price
11
Beds
4
Baths
8,388 Sq. Ft.
$42 / Sq. Ft.
8,388
Sq. Ft.
$42
per Sq. Ft.

Description

Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units. The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as...Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units. The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room. With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant. This property is being sold as-is, where is condition.. Don't miss out on this prime investment!
  1. Listed by Lucas M Romano • Romano Realty
    P: (856)-261-2894 luke@theromanoteam.net

Property Details for 72 South Broad Street

Tax ID Number
08-00065-00012
Ownership
Fee Simple
Structure Type
Detached
Style
Unit/Flat
Waterfront
No
Garage
No
Cross Street
Main St
Municipality
PENNS GROVE BORO
LISTING UPDATED: 10/24/2024 08:39 PM

Property Details for 72 South Broad Street

StatusActive
MLS #NJSA2012494
Days on Market8
Taxes$8,254 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1943
Lot Size0.32 AC / 14,026 SF
CountySalem County

Building Information for 72 South Broad Street

Stories-Residences4Year Built1943Building Size-Lot Size0.32 AC / 14,026 SF

Property Information for 72 South Broad Street

Location
Location
  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS
  • School District County ID: 300200397143
  • SchoolDistrictSource: Listing Agent
  • County: SALEM
  • MLS Area: Penns Grove Boro (21708)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $154,000
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $134,000
  • City Town Tax: $0
  • Land Assessed Value: $20,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: COMMERCIAL
  • Tax Lot: 00012
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 4
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Furnished: None
  • Number Of Units Vacant: 4
Multi Family
Unit 1
  • Type: Unit 4
  • Level: 1
  • Unit Type Features: Commercial Space
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Level: 2
  • Beds Total: 3
  • Full Baths Count: 1
  • Total Rooms: 6
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Level: 2
  • Beds Total: 3
  • Full Baths Count: 1
  • Total Rooms: 6
Unit 4
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Level: 2
  • Beds Total: 5
  • Full Baths Count: 2
  • Total Rooms: 9
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 75.00 x 187.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Level
  • Parcel ID: 2200157
Parking
Parking
  • Type Of Parking: On Street, Parking Lot
  • Parking Lot - # of Spaces: 10
  • Parking Features: Paved Parking
Interior Features
Interior Features
  • Interior Features: Carpet, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s)
  • Fireplace: No
  • Appliances: Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Accessibility Features: None
  • Security Features: Security System
  • Door Features: Six Panel
  • Window Features: Replacement
Exterior Features
Exterior Features
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric, Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service, Circuit Breakers

Property History for 72 South Broad Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 72 South Broad Street

Taxable ValueLand$20,000Additions$134,000Total$154,000
Tax Record2023$8,254 ($688 / month)
Home Facts
Total Finished SqFt8,388 SqFtAbove Grade Finished SqFt8,388 SqFtLot Size14,026 SqFtStyleMiscellaneous CommercialYear Built1943CountySALEMAPN08 00065-0000-00012

Schools near 72 South Broad Street

This home is within Penns Grove-Carneys Point Regional School District.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Field Street Elementary School
Public1 to 3

Paul W. Carleton Elementary School
Public4 to 5

Penns Grove Middle School
Public6 to 8

Penns Grove High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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72 South Broad Street is a multi-family home for sale in Penns Grove, NJ 08069. This property was listed for sale on October 24, 2024 by Romano Realty, it's currently listed at $349,900. It has been on the market for a total of 8 days and was last sold on July 27, 2015. This listing's school district is Penns Grove-Carneys Point Regional School District. Nearby schools include Field Street Elementary School, Paul W. Carleton Elementary School and Penns Grove Middle School. 72 South Broad Street is a 11-bed, 4-bath, 8,388 sqft multi-family home built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Romano Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.