24648 Billings Ave

Paulsboro, NJ 08066 View Map $200,000 Ask a Question
24648 Billings Ave Paulsboro, NJ 08066 | MLS NJGL2007844 Photo 1
24648 Billings Ave Paulsboro, NJ 08066 | MLS NJGL2007844 Map
The Property Exchange Group

The Property Exchange Group

(856) 390-7300

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Status: Sold
Property Type:Multi-Family
MLS #:NJGL2007844
Sq. Feet:2,128
Date Sold:5/13/2022
Lot Size:0.15 Acres
Turn your cash into cashflow! Unique value in Desirable Billingsport. Move fast to see this impressive multi-unit property (plus a bonus lot!) on a quiet street in one of South Jersey's hottest markets. This duplex, consisting of 2, 3 bedroom 1 bathroom, units is currently leased for $2,650/month total with the detached garage capable of generating additional income. Each unit has a main floor, full basement, upstairs, and attic. The current condition is average relative to comparably priced properties and both units are current on their yearly municipal inspections. Multi-family properties in Gloucester County have surged in value over 52% in the past calendar year and there is currently a shortage of rental inventory available. An added feature of this property is a second building lot with a detached garage. This structure can generate additional income or serve as dedicated space for a hobbyist or just additional storage. More ambitious buyers could seek to develop this lot but would need to consult with the appropriate municipal authorities to determine the feasibility of any intended use. You're encouraged to learn more about this opportunity but please do not disturb the current tenants. Only individuals with an approved appointment are permitted to access/walk the property, NO EXCEPTIONS.

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Price Change History

Date Old Price New Price Percent Change

Community Information

Address:24648 Billings Ave Paulsboro, NJ 08066
Area:Paulsboro Boro (20814)
Zip Code:08066

School Information

School System:Paulsboro Public Schools
High School:PAULSBORO H.S.
Middle School:PAULSBORO
Elementary School:BILLINGSPORT E.S.


Year Built:1910
Construction: Frame

Features / Amenities

Sub Structure Types: Above Grade, Below Grade
Heating: Forced Air
Heating Fuel: Natural Gas
Hot Water: Electric

Property Features

Lot Size: 0.15 Acres
Lot Dimensions:50.00 x 135.00 Sq. Ft.
Lot Description: Additional Lot(s)
Sewer: Public Sewer
Water: Public
Municipality: PAULSBORO BORO
Directions:Popular Search Apps will reliably take you to the subject property.

Tax and Financial Info

Total Taxes: $6,225 (paid Annually)
Tax Year: 2021
Gross Income: $31,800.00
New Financing: Conventional
Ownership Type: Fee Simple
Homeowners' Assoc.: No
Acceptable Financing: Cash, Conventional



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Listing Information Last Updated 6/25/2022
Listing provided courtesy of Compass New Jersey, LLC.
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