1075 S Route 47 Rio Grande, NJ 08242

$425,000
1075 S Route 47, Rio Grande, NJ 08242
Call 1-800-839-1363
175034

Commercial Property for sale in Rio Grande, NJ

for $425,000. The lot size is 100X365.

Property Information

  • $425,000
  • Commercial
  • Taxes are $6,969
  • Industrial
  • Active
  • Lot size of 100X365
  • Rio Grande, NJ
  • Cape May County
  • MLS/Web ID is 175034

Description

6 unit Multifamily Moneymaker situated on huge 100X365 lot. Location is walking distance to Rio Grande shopping district and just 5 minutes away from the Wildwoods. Property consists of a duplex with 3 bedrooms and 1 bath on the upstairs and downstairs. There are 4 cabins in the back that are 3 studios and 1- 1 bedroom apartment. Front unit (1) is a duplex that collects 1650/month and 950/month. Unit 3 825/month, unit 4 600/month, unit 5 650/month, unit 6 650/month. When you do the math this one makes sense.

Interior 8

Cooling System

  • Wall Unit(s)

Flooring

  • Partial Carpet
  • Vinyl-Linoleum
  • Wall-to-Wall Carpet

Furnished

  • Yes

Heating Source

  • Gas
  • Hot Water

Heating System

  • Baseboard
  • Gas Hot Water Heat
  • Hot Water Heater: Electric

Room Features

  • Laundry/Utility Room

Sewer

  • City Sewer

Water Source

  • City Water

Exterior 4

Exterior

  • Storage / Out Building / Shed

Garage

  • Other

Lot Description

  • Other

Siding

  • Block Exterior
  • Wood Frame Exterior

Miscellaneous 1

Commercial

  • Fixtures/Furniture

† Excluded Feature

Listed By

Listing Agent: CHRISTOPHER POHLE
Broker: Wildwood - WEICHERT, REALTORS® - Coastal

1075 S Route 47, Rio Grande, NJ, 08242 is a Commercial Property for sale at $425,000 with a lot size of 100X365. The property's zip code is 08242 which is in Rio Grande, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Rio Grande $317,000 25 % below $239,000 44 % below
Commerical listings in Rio Grande $393,760 7 % below $425,000 0 % below
Sold listings in Rio Grande $59,833 86 % below $77,499 82 % below

Get the facts about Rio Grande, NJ!

Population 3,672
Population Growth (since 2000) 16 %
Median Income $47,953
Median Age 46.45
Households w/ Children 13 %

Residential Dwellings

  • Owned 1198
  • Vacant 448
  • Rented 338

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