56 Linwood presents a rare opportunity to acquire a fully stabilized, six-unit multifamily investment offering an attractive 8.0% in-place cap rate and immediate cash flow. Each unit is 2 bed, 1 bath with seperate metered gas/electric. This professionally maintained asset is 100% occupied with an established tenant base and has undergone a comprehensive value-add transformation over the past five years. Ownership has strategically renovated units, achieved market rents, implemented a utility reimbursement program, and completed significant capital improvements, including a new and replacement of the front concrete walkway-allowing a new owner to step into a true turnkey investment with limited anticipated near-term capital expenditures. The property also features a separate six-bay garage/storage building that enhances tenant convenience while providing future income potential, as well as coin-operated laundry for supplemental revenue. Situated on a quiet, tree-lined street in Monroe Township, the property benefits from strong tenant appeal and convenient access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
| MLS # | NJGL2076182 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1960 |
| Days On Site | 55 |
| Listing Provided By | Keller Williams Realty | Tracy Harron |
| SQ Feet | 5,520 |
|---|---|
| Garage | 6 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | APART |
| Cooling | Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
| Interior Features | Wood Floors |
| Roof | Shingle |
|---|---|
| Construction Materials | Block, Concrete |
| Foundation Details | Block |
| Lot Features | Level |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private |
| Tax Annual Amount | 14638 |
|---|
| State | NJ |
|---|---|
| County | GLOUCESTER NJ |
| City | WILLIAMSTOWN |
| Zip Code | 08094 |
| Area | Monroe Twp (20811) |
| Community Name | WOODS OF WASHINGTO |
| School District | MONROE TOWNSHIP PUBLIC SCHOOLS |
| Listing VS Median (in WOODS OF WASHINGTO) | |
Price: $925,000 low | high Med: $925,000 sqft: 5,520 low | high Med: 5,520 $ / sqft: $168 low | high Med: $168 On site: 55 low | high Med: 55 | |
| State | NJ |
|---|---|
| County | GLOUCESTER NJ |
| City | WILLIAMSTOWN |
| Zip Code | 08094 |
| Area | Monroe Twp (20811) |
| Community Name | WOODS OF WASHINGTO |
| School District | MONROE TOWNSHIP PUBLIC SCHOOLS |
| Listing VS Median (in WOODS OF WASHINGTO) | |
Price: $925,000 low | high Med: $925,000 sqft: 5,520 low | high Med: 5,520 $ / sqft: $168 low | high Med: $168 On site: 55 low | high Med: 55 | |