$346,000
$349,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
7,000 Sqft Lot
SOLD DATE : 05/25/2021
Key Details
Sold Price $346,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD413410
Sold Date 05/25/21
Style Colonial,Traditional
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $11,381
Tax Year 2020
Lot Size 7,000 Sqft
Acres 0.16
Lot Dimensions 50.00 x 140.00
Property Description
TURNKEY CASHFLOW INVESTMENT!!! This attractive newly renovated (no deferred maintenance) 4-unit building features two retail spaces on the first floor and two residential apartments on the second floor. All units are occupied by long-time, reliable tenants. One of the residential unit has been converted in to a two bedroom and the rent is doubled. The other is ready to be done the same way (OPPORTUNITY to double the rent here as well). Both of the retail spaces is currently occupied by two successful businesses. (under market rents) This property also features a ton of great storage spaces, basement laundry, and a fire escape. Not only that, but each unit has a separate electrical box and heating unit. Here’s the best part...this property has it's own recently sealed parking lot with all new line for parking spots. Spots in front of the building are convenient for customers of the retail units and private spots in the back of the building are for the residents and shop owners. Start making cashflow the moment you're handed the keys. Make your appointment today!
Location
State NJ
County Camden
Area Magnolia Boro (20423)
Zoning COM
Rooms
Basement Full
Interior
Interior Features Floor Plan - Open
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Carpet, Ceramic Tile, Laminated, Vinyl
Heat Source Natural Gas
Exterior
Exterior Feature Balcony
Garage Spaces 10.0
Waterfront N
Water Access N
Roof Type Asphalt
Accessibility None
Porch Balcony
Parking Type Driveway, Parking Lot, Other
Total Parking Spaces 10
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial, Traditional
Additional Building Above Grade, Below Grade
Structure Type 2 Story Ceilings,9'+ Ceilings,Brick
New Construction N
Schools
School District Sterling High
Others
Tax ID 23-00001 03-00011
Ownership Fee Simple
SqFt Source Assessor
Security Features 24 hour security,Carbon Monoxide Detector(s),Electric Alarm,Fire Detection System,Main Entrance Lock,Smoke Detector,Security System
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Patricia G Barry • BHHS Fox & Roach-Medford
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