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Fully Occupied with motivated Seller. This 6 unit apartment building is now for sale and cash flowing in downtown Gloucester City. All units recently updated and inspected, lead certs on file. Great for a 1031 Exchange. Deeded as 2 twins attached to one another, this building offers split gas and electric meters in the basement with owner paying for, water and sewer. Owner is reimbursed for heat by all tenants. Annual insurance is 4800/yearly. Quarterly CCMUA is $88./ per tenant. Utility usage is $55./mo per tenant. This building has 2 individual tax bills. (218 S. Broadway is $3357./yr and 220 S. Broadway is $6450./yr). Current monthly income is $7150./mo. and is fully occupied. This building is professionally managed by Connection Property Mgt.
Property Type(s):
Multi Family
| Last Updated | 4/1/2025 | Year Built | 1900 |
|---|---|---|---|
| Community | Gloucester City (20414) | County | CAMDEN |
SCHOOLS
| School District | GLOUCESTER CITY SCHOOLS |
|---|
Price History
| Prior to Apr 1, '25 | $690,000 |
|---|---|
| Apr 1, '25 - Today | $650,000 |
Additional Details
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Range, Gas Water Heater, Range, Refrigerator |
| AREA | Gloucester City (20414) |
| BASEMENT | Exterior Entry, Full, Yes |
| CONSTRUCTION | Frame |
| HEAT | Baseboard, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 20.00 x 118.00 |
| PARKING | On Street, Off Site |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Colonial |
| TAXES | 9221 |
| UTILITIES | Cable Available, Sewer Available, Water Available, Natural Gas Available, Electricity Available |
| WATER | Public |
Location
Listing provided by Connection Property Management
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/13/25 7:32 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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