204 ATLANTIC STREET

Property Description

Discover a rare opportunity with this Class A Rooming House (Current New Jersey State License) located in the charming town of Bridgeton, NJ. Built in 1900, the property boasts 13 units within two buildings. It is currently operating at approximately 65% occupancy with current rental agreements in place. This type of asset offers a stable and consistent income stream. The property stands out in today’s market as a hard-to-find asset class, providing a unique blend of historic charm and modern income potential. The main building is sprinklered with a fire escape exit. Eleven out of the thirteen units are in building one. Building two has two of the thirteen units with driveway access from the rear street. There is hookup in the basement of building one for a shared laundry room. Outline of floor plan/layout below: MAIN HOUSE - INTERIOR ROOMS with common area entrance First Floor Room 1 - One Room, Full Bath, Kitchenette Room 2 - Two Rooms, Full Bath, Kitchenette Second Floor Room 5 - One Room, Half Bath (toilette and sink), small fridge, and microwave Room 6 - One Room, Sink Room 7 - One Room, Toilette, Sink - Vacant Room 8 - One Room, Sink Only Room 9 - One Room, Toilette, Sink Third Floor Room 12 - One Room, Toilette, Sink Room 14 - One Room, Sink MAIN HOUSE - EXTERIOR ROOMS - Separate entrances to each unit/room via side porches Room 3 - One Room, Full Bathroom, Kitchenette, Sink Room 4 - One Room, Toilette, Shower, Kitchenette BUILDING TWO - SEPERATE STRUCTURE Room 10 - Two Rooms, Full Bath, Kitchen Room 11 - Kitchenette, Toilette, Shower