Last Updated: 3/25/2017 10:15 AM
Description for 18 W Front Street Florence, NJ 08518
Calling all investors! Close to 4000 SF building located on Front St with river views. Presently used as three rental units but was managed by previous owner. With some imagination and design, could lay this out into some nice living space! Needs lots of cosmetics, but the potential makes this a diamond in the rough. Three separate electric panels, and units heated by oil, except lower unit with electric heat. Oil tank is in basement as well as upgraded gas hot water heater. This building had a store front at one time, with a residence for the owner and additional apartments. Florence Township has building zoned as neighborhood commercial, so if not meeting specs for this use a variance may be needed. Roof has been tarred annually with no problems. Old damage in one unit at ceiling is old roof problem that was never repainted inside. If you are looking for long term investment, this could be very profitable. To be sold completely AS-IS and buyer responsible for any and all certifications and inspections. Allow 24 hour notice for tenant notice. Third floor, which is huge finished attic would make an outstanding apartment or maybe convert the entire building back to a single family?? So many options!!
Gas Water Heater, Public Water Service
Electric Heating, Oil, Radiators
Full, Unfinished Basement
Exterior / Lot Features
Sidewalks, Street Lights
Current market conditions for 18 W Front Street
Active Market Trends
Median list price$193,000
Days on market148
Properties for sale48
Sold Market Trends
Median sold price$147,500
Sales to list price9,570.0%
Median sq ft price$104
Arrows indicate 90 day trend
Listing Price History for 18 W Front Street
Florence Real Estate
Florence is located in New Jersey. Florence, New Jersey 08518 has a population of 12,688.
The median household income in Florence, New Jersey 08518 is $79,987. The median household income for the surrounding county is $79,612 compared to the national median of $53,482. The median age of people living in Florence 08518 is 42.5 years.
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