Middlesex St, 08030- Gloucester City | Tenant in Place | Value-Add Investment

Gloucester City 4-Bed Rental | Tenant in Place | Value-Add Investment Opportunity
xxx Middlesex Street, Gloucester City, NJ 08030

ATTENTION INVESTORS & LANDLORDS!
Here’s an opportunity to acquire an income-producing 4-bedroom brick rowhome in Gloucester City, Camden County, New Jersey, at a discounted price. This 1,728-square-foot property offers immediate rental income with a tenant currently paying $1,500 per month and a reported lease running through August 2027. It features an updated kitchen with granite countertops, newer cabinets and flooring, and a roof replaced in 2022. The property is reported to be in good condition with minimal repairs needed. With estimated market rents of $2,200–$2,600 per month and comparable sales reaching up to $260,000–$290,000, this property offers potential rental upside and long-term equity growth.

🏡 Property Breakdown:

• 4 Bedrooms
• 1 Full Bath
• Approx. 1,728 Sq Ft
• Approx. 1,281 Sq Ft Lot (16 × 80 Ft)
• Single-Family Brick Rowhome
• Built in 1840
• 3-Story Construction
• Unfinished Basement
• Updated Kitchen with Granite Countertops
• Newer Kitchen Cabinets and Flooring
• Gas Forced-Air Heating
• Central A/C
• Public Water and Sewer
• Street Parking
• Tenant-Occupied at $1,500/Month
• Existing Lease Reportedly Through August 2027

🔧 Property Highlights:

• Located in Gloucester City, Camden County, NJ
• Discounted asking price of $199,000
• Currently generating $1,500 in monthly rental income
• Tenants reportedly pay rent on time
• Potential to increase rental income to estimated market rates
• Roof replaced in 2022
• Updated kitchen with granite countertops and newer cabinets
• Newer flooring
• Seller reports good condition with minimal repairs needed
• Annual property taxes of $4,942 (2024)
• Zoning: R-M | Block 33 / Lot 8
• Tenant-occupied with an existing lease reportedly through August 2027

💰 Rental & Value Potential:

• Current Monthly Rent: $1,500
• Estimated Monthly Market Rent: $2,200–$2,600
• Comparable Sales: Nearby properties reportedly sold for $245,000–$260,000, with area comps reaching up to $290,000
• Potential Rental Upside: An estimated additional $700–$1,100 per month if the property can be rented at the projected market rate in the future, subject to lease terms and applicable requirements.

The property offers an opportunity to acquire an income-producing asset while potentially increasing rental income over time. Market rents and comparable values are estimates and should be independently verified.

📍 Nearby Activity:

• 108 Middlesex Street – Sold 08/21/2026 – $260,000 – 1,728 Sq Ft | 4BR / 1BA
• 441 Bergen Street – Sold 06/30/2026 – $245,000 – 1,392 Sq Ft | 4BR / 1BA
• 319 Bergen Street – Sold 03/31/2026 – $245,140 – 1,248 Sq Ft | 3BR / 1BA

💡 Potential Exit Strategies:

1. Buy & Hold Rental

• Acquire a tenant-occupied property with existing rental income
• Maintain the current tenancy in accordance with the lease
• Evaluate opportunities to increase rent when legally and contractually permitted
• Build long-term equity while generating rental income

2. Value-Add Investment

• Take advantage of the difference between current rent and estimated market rent
• Verify local rental rates and applicable rental requirements
• Maintain the property's existing improvements
• Explore future income growth and appreciation potential

3. Long-Term Portfolio Investment

• Add an income-producing property to your rental portfolio
• Benefit from an established tenancy, subject to lease verification
• Evaluate future operating expenses, taxes, maintenance, and cash flow
• Develop a long-term investment strategy based on actual property performance

🔥 Why This Property:

• Four-bedroom brick rowhome in Gloucester City
• Existing rental income of $1,500 per month
• Estimated market rent of $2,200–$2,600 per month
• Potential rental income upside
• Roof replaced in 2022
• Updated kitchen and newer flooring
• Seller reports good condition with minimal repairs needed
• Comparable sales ranging from $245,000 to $260,000, with area comps reportedly reaching $290,000
• Existing tenant lease reportedly through August 2027
• Multiple potential investment strategies

📞☎️ Call or text our team at: 215-395-6211
Showings by Appointment Only – Serious, Qualified Buyers Only.