723 N Broad St, Woodbury, NJ 08096

Property Description

Now vacant and priced to sell, this spacious top-and-bottom duplex offers strong income potential and is ideal for investors or 203k owner-occupants. The property features two 2-bedroom, 1-bath units with separate entrances. The first-floor unit is rent-ready, while the second floor needs light cosmetic updates—the heavy work has already been completed. Recent upgrades include two brand-new water heaters and new heating radiators installed in 2025. Additional highlights include a large dining room and mudroom in the first-floor unit, front and rear yards, a detached 2.5-car garage with newer doors , Bilco doors to the basement, a new sewer line from the house to the street, and hardwired fire alarms. The home maintains its original early 1900s charm with vintage 1950s kitchens in both units. Upstairs needs renovating in the kitchen, bathroom, and maybe a few windows. Projected rental income is $1,750 for the first floor and $1,650 for the second floor, offering excellent cash flow with minimal investment. There may also be a city program offering up to $15,000 to convert the home back into its original 4-bedroom single-family layout. This property is being sold as-is and is firmly priced at $270,000. Proof of funds or mortgage pre-approval is required prior to showing. Listing agent will accompany all showings. Don’t miss this opportunity to own a solid income-producing property just minutes from boating and fishing at Soupy Island!