Homes for sale - 204 ATLANTIC ST, Bridgeton, NJ 08302

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$475,000

Est. payment - /mo

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0.39 Acres Lot

Active

204 ATLANTIC ST Bridgeton, NJ 08302

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Skip Tolley

skip@captainwaterfront.com +1(410) 935-7500

UPDATED:

09/30/2024 02:44 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision "None Available"

MLS Listing ID NJCB2019464

Style Traditional

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $17,361

Tax Year 2023

Lot Size 0.389 Acres

Acres 0.39

Property Description

Discover a rare opportunity with this Class A Rooming House (Current New Jersey State License) located in the charming town of Bridgeton, NJ. Built in 1900, the property boasts 13 units within two buildings. It is currently operating at approximately 65% occupancy with current rental agreements in place. This type of asset offers a stable and consistent income stream. The property stands out in today’s market as a hard-to-find asset class, providing a unique blend of historic charm and modern income potential.

The main building is sprinklered with a fire escape exit. Eleven out of the thirteen units are in building one. Building two has two of the thirteen units with driveway access from the rear street. There is hookup in the basement of building one for a shared laundry room.

Outline of floor plan/layout below:

MAIN HOUSE - INTERIOR ROOMS with common area entrance
First Floor
Room 1 - One Room, Full Bath, Kitchenette
Room 2 - Two Rooms, Full Bath, Kitchenette

Second Floor
Room 5 - One Room, Half Bath (toilette and sink), small fridge, and microwave
Room 6 - One Room, Sink
Room 7 - One Room, Toilette, Sink - Vacant
Room 8 - One Room, Sink Only
Room 9 - One Room, Toilette, Sink

Third Floor
Room 12 - One Room, Toilette, Sink
Room 14 - One Room, Sink

MAIN HOUSE - EXTERIOR ROOMS - Separate entrances to each unit/room via side porches
Room 3 - One Room, Full Bathroom, Kitchenette, Sink
Room 4 - One Room, Toilette, Shower, Kitchenette

BUILDING TWO - SEPERATE STRUCTURE
Room 10 - Two Rooms, Full Bath, Kitchen
Room 11 - Kitchenette, Toilette, Shower

Location

State NJ

County Cumberland

Area Bridgeton City (20601)

Zoning COMMERCIAL

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Asphalt

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade

New Construction N

Schools

High Schools Bridgeton

School District Bridgeton Public Schools

Others

Tax ID 01-00234-00028

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Richard G Warner • Warner Real Estate & Auction Company