Quadplex in Pittsgrove Township!
This turnkey quadplex checks all the boxes: high cap rate, immediate cash flow, no HOA or utility burdens, and an ideal tenant-friendly location. With rents totaling $8,000/month and expenses under control, this is a rare opportunity to earn over $1,100/month net even with today's rates. Whether you're looking for a passive buy-and-hold or a high-equity, long-term strategy"”1123 Almond Road delivers
All four townhome units feature 2 bedrooms, 1.5 bathrooms, and full, unfinished basements with washer & dryer hookups in each unit"”ideal for long-term tenant appeal.
The property offers paved parking and is tucked away in a quiet, private setting that backs to trees and a stream flowing into Parvin Lake. Located directly across from Pittsgrove Middle School and within walking distance to Parvin State Park, Centerton Inn, Anderson's Country Store, and Centerton Pond, this location offers both convenience and charm.
Whether you're a seasoned investor or new to multi-family properties, this is a strong cash-flowing asset with excellent long-term potential.
Additional documents are available in the document section, including a full financial breakdown, cap rate details, and rental projections"”everything you need to evaluate this exceptional opportunity.
Contact the listing agent today for more details or to schedule a private showing!
DAYS ON MARKET
|
2
|
LAST UPDATED
|
7/9/2025
|
YEAR BUILT
|
1974
|
COMMUNITY
|
Pittsgrove Twp (21711)
|
COUNTY
|
SALEM
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
School District |
PITTSGROVE TOWNSHIP PUBLIC SCHOOLS |
AIR |
Central Air, Electric |
AIR CONDITIONING |
Yes |
APPLIANCES |
Electric Water Heater, Microwave, Range Hood, Refrigerator |
AREA |
Pittsgrove Twp (21711) |
BASEMENT |
Full, Yes |
CONSTRUCTION |
Brick, Vinyl Siding |
EXTERIOR |
Lighting |
HEAT |
Baseboard, Electric |
INTERIOR |
Built-in Features, Open Floorplan |
LOT |
0.98 acre(s) |
LOT DESCRIPTION |
Back Yard, Waterfront |
LOT DIMENSIONS |
0.00 x 0.00 |
PARKING |
Asphalt, Private, Common, Paved, Secured, Parking Lot |
POOL DESCRIPTION |
None |
SEWER |
Septic Tank, Private Sewer |
STORIES |
2 |
STYLE |
Other |
TAXES |
13497 |
UTILITIES |
Cable Available, Electricity Available |
VIEW |
Yes |
VIEW DESCRIPTION |
Water, Creek/Stream, Street, Trees/Woods |
WATER |
Private |
WATERFRONT |
Yes |
WATERFRONT DESCRIPTION |
Creek |
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