Bought with Kenneth J Gross • Focus Real Estate
$910,000
$925,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
56 LINWOOD AVE Williamstown, NJ 08094
5,520 SqFt
Key Details
Sold Price $910,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 5,520 sqft
Price per Sqft $164
Subdivision Woods Of Washingto
MLS Listing ID NJGL2076182
Sold Date 09/30/26
Style Other,Unit/Flat
Abv Grd Liv Area 5,520
Year Built 1960
Available Date 2026-07-28
Annual Tax Amount $14,638
Tax Year 2025
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State NJ
County Gloucester
Area Monroe Twp (20811)
Zoning APART
Rooms
Basement Full
Interior
Interior Features Wood Floors
Hot Water Electric
Heating Radiator
Cooling Wall Unit
Flooring Hardwood, Carpet
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Covered Parking
Garage Spaces 6.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 6
Garage Y
Private Pool No
Building
Lot Description Level
Foundation Block
Above Ground Finished SqFt 5520
Sewer Public Sewer
Water Public
Architectural Style Other, Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Monroe Township Public Schools
Others
Tax ID 11-03301-00005
Ownership Other
SqFt Source 5520
Special Listing Condition Standard
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