16-18 E Washington Street

Nice duplex property right next to the Paulsboro Police Station. (2) 4 Bedroom- One Bath Units. The property was renovated in 2020 with new plumbing, electric. Each unit has basement storage with washer + dryer included for the tenant. Tenants pay 1935 and 2100 monthly. One tenant pays all utilities (W/S/E/G), and the other pays (E/G) and landlord pays (W/S). Landlord has provided working camera system on the building and currently pays for a shared internet. Keeping the shared internet will be the choice of the new landlord. Both tenants are pleasant and pay on time each month. Spacious yard space for the tenants, and the front yard was upgraded to artificial grass ensuring low costs to maintain the exterior of the building each year. One unit has lifetime lead cert and the other has to be re-swiped in 3 years. At the price listed after taxes/insurance/water/sewer, it is a 10% cap rate. With the news of listing the building, one tenant has offered to vacate if the new owner would like to be a owner/occupant. This can be negotiated during the sale. Seller is also selling 214-216 Billingsport Rd, Paulsboro, and both duplex's can be offered as package deal.