1736 38 Glassboro Rd A,B,C Williamstown, NJ 08094$515,000 - For Sale
Attention Investors! This property is a money maker- Currently 11.2% CAP RATE with a potential of 14% once owner occupied unit is leased out! This property consists of 2 fully rented out buildings. Unit 1736 has 2 units, front is 3,400 sq ft and is leased out as a showroom for Irrigation company, rear unit is owner occupied (will be vacant for new owner) and is 2,400 sq ft. Building 1738 is a 3,500 sq ft building tenant occupied for over 12 years as a warehouse supply for the Irrigation company. Properties sit on over an acre of ground with parking in front and side lots for about 15 cars and a grass field in rear for added storage. In 2002 there were major improvements done to the property including: well, septic, 3 separate electric meters, 3 separate baths and 2 kitchenettes for the buildings. Unit 1736 has a 5 year old rubber roof and all the doors were replaced in 2001 including 2 steel roll up doors. Both units are in very good condition. Property has a brand new parking lot and the heat is now converted in one building to gas heat.For more information, view this virtual tour.