56 Linwood Ave, Williamstown, NJ 08094
- $925,000
- 5,520
- SqFt
- List Price
- $925,000
- Days on Market
- 1
- Status
- ACTIVE
- MLS#
- NJGL2076182
- Living Area
- 5,520
- Style
- Other, Unit/Flat
- Year Built
- 1960
- County
- Gloucester
- School District
- Monroe Township Public Schools
Property Description
56 Linwood presents a rare opportunity to acquire a fully stabilized, six-unit multifamily investment offering an attractive 8.0% in-place cap rate and immediate cash flow. Each unit is 2 bed, 1 bath with seperate metered gas/electric. This professionally maintained asset is 100% occupied with an established tenant base and has undergone a comprehensive value-add transformation over the past five years. Ownership has strategically renovated units, achieved market rents, implemented a utility reimbursement program, and completed significant capital improvements, including a new and replacement of the front concrete walkway—allowing a new owner to step into a true turnkey investment with limited anticipated near-term capital expenditures. The property also features a separate six-bay garage/storage building that enhances tenant convenience while providing future income potential, as well as coin-operated laundry for supplemental revenue. Situated on a quiet, tree-lined street in Monroe Township, the property benefits from strong tenant appeal and convenient access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
Additional Information
- Area
- Monroe Twp (20811)
- Subdivision
- Woods Of Washingto
- Taxes
- $14638
- Stories
- 2
- Interior Features
- Wood Floors
- School District
- Monroe Township Public Schools
- Flooring
- Hardwood, Carpet
- Garage
- Yes
- Garage Spaces
- 6
- Heating
- Radiator
- Heating Fuel
- Natural Gas
- Cooling
- Wall Unit
- Roof
- Shingle
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Keller Williams Realty. Contact: 8563211212
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