41 Carpenter St Woodbury, NJ 08096

Property Details for 41 Carpenter St

Year built

1900

Lot size

0.27 lot acres

Property size

4,000 SF

Property type

Multifamily properties

Description

This exceptional five-unit apartment building presents a lucrative investment opportunity in the vibrant heart of Woodbury, NJ. Located at 41 Carpenter Street, this property boasts a prime location, just steps away from the downtown area's bustling shops, restaurants, and amenities. The building comprises four spacious two-bedroom apartments and one one-bedroom apartment, totaling 4,000 square feet on a 0.27-acre lot. Currently, four of the units are occupied by tenants, providing immediate cash flow. One unit is recently vacated, offering flexibility for immediate occupancy or renovation. Each unit features its own hot water tank for independent temperature control and efficient utility management. Heating is provided by a forced-air furnace in four units, while the remaining unit utilizes baseboard electric heating. A significant advantage is that tenants are responsible for their own gas and electric bills, minimizing the owner's operational expenses. The property's strong tenant occupancy and desirable location make it an attractive investment, offering both immediate return and long-term growth potential. This is a rare opportunity to acquire a well-maintained multi-family property in a thriving New Jersey community. The asking price is $599,000.