200 N East Ave, Vineland, NJ 08360

$295,000

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List Price
$295,000
Price Change
▼ $25,000 1785538980
Days on Market
67
Status
ACTIVE
MLS#
NJCB2030840
Lot Size (Acres)
0.13
Year Built
1900
County
Cumberland
School District
City Of Vineland Board Of Education

Property Description

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.

Additional Information

Area
Vineland City (20614)
Subdivision
None Available
Taxes
$7402
School District
City Of Vineland Board Of Education
Heating
Baseboard - Hot Water
Heating Fuel
Oil
Cooling
Wall Unit
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Better Homes and Gardens Real Estate Maturo. Contact: (856) 696-2255