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Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,144 sqft
Price per Sqft $179
Subdivision None Available
MLS Listing ID NJCD2032468
Sold Date 06/30/23
Style Colonial
Abv Grd Liv Area 2,144
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $10,531
Tax Year 2022
Lot Size 0.344 Acres
Acres 0.34
Lot Dimensions 75.00 x 200.00
Property Description
Investors Delight 6% Cash on Cash ROI - 4 units, 2 resid, 2 garages -Gross Revenue $39,600 minus expenses $14,000 = $25,600 /$425,000 = 6% - Tenants pay ALL UTILITIES
This duplex resid home features 4beds 1st & 2nd floor, 1bed 3rd floor (w/long term tenant) and 2 garages to rent.
Great location for commuting N/S or E/W, stones through from Rt295 exit 29 provides N/S commute, on Rt30 for E/W commute, shopping w/in 1 mile - Shoprite, HomeDepot, McDonalds, WAWA, Dunkin, CVS, Tonewood Brewing, carwash, etc..
The woodwork and country atmosphere of this home will rent itself. Rich stained woodwork and stained glass windows set off this property from others. You may want to move in yourself.
It has a spacious 4 bedroom first and second floor apartment and a third floor 1 bed apartment. The amenities are truly unique and desirable with two decks, large well maintained yard, 2 car garage, off street parking, secluded yet accessible to all the conveniences a tenant needs. The property is well maintained and needs only minor touchups. This is a Great opportunity for investors looking to offset income or a newbie investor starting out who needs more space for his/her own family and they want to get started investing. Utilities are separate, water is charged to tenants and prorated between tenants. Electric is updated and the property is well maintained and solid. Owner is retiring.
Location
State NJ
County Camden
Area Haddon Heights Boro (20418)
Zoning MULTI-FAMILY
Interior
Interior Features Built-Ins
Hot Water Natural Gas
Heating Forced Air
Cooling Heat Pump(s)
Flooring Hardwood
Fireplace N
Heat Source Natural Gas
Exterior
Garage Garage - Front Entry
Garage Spaces 9.0
Utilities Available Cable TV, Water Available, Sewer Available, Natural Gas Available, Electric Available
Waterfront N
Water Access N
Roof Type Asbestos Shingle
Accessibility None
Parking Type Detached Garage, Driveway, Off Street
Total Parking Spaces 9
Garage Y
Building
Lot Description Secluded, Backs to Trees
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls
New Construction N
Schools
High Schools Haddon Heights Jr Sr
School District Haddon Heights Schools
Others
Tax ID 18-00034-00017
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, FHA 203(k), FHA 203(b), VA
Listing Terms Cash, Conventional, FHA, FHA 203(k), FHA 203(b), VA
Financing Cash,Conventional,FHA,FHA 203(k),FHA 203(b),VA
Special Listing Condition Standard
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