For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $559,900
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $186
MLS Listing ID NJBL2020478
Sold Date 06/27/22
Style Colonial
Abv Grd Liv Area 3,000
Originating Board BRIGHT
Year Built 1932
Annual Tax Amount $7,958
Tax Year 2021
Lot Size 5,625 Sqft
Acres 0.13
Lot Dimensions 37.50 x 150.00
Property Description
PROPERTY IS BACK ON THE MARKET AND AVAILABLE TO BE SHOWN. TO ACCOMMODATE THE TENANTS, SHOWINGS WILL BE RESTRICTED TO SPECIFIC OPEN HOUSE WINDOWS. Excellent investment opportunity awaits! SOLD IN "AS IS" CONDITION, but property is in good shape. This well-kept, 4 unit, 2 story apartment building in the heart of Maple Shade presents a wonderful chance for you to use a real estate asset to grow your wealth! This central location, is convenient to major highways and public transportation, shops & restaurants on Main Street, making it very desirable for Tenants. Tenants will love to call this place their home, because it is well maintained, neat and clean and makes a great presentation as you approach. All 4 units are currently tenant occupied and the building has a solid rental history. There's a keyed, common side entry to a wide hallway & staircase, for the tenants with 4 total, sunlit apartments, 2 on each floor, all of which consist of a Living Room, Kitchen with eating area, Bedroom, Bathroom & stacked washer/dryer. Property also has a full basement Each unit has hardwood flooring, nicely updated Kitchens and tiled Bathrooms and separately metered utilities. Current owner pays water/gas and the tenants are responsible for the electric. Each unit has a window unit air conditioner. There's a detached garage in back for additional rental income if you choose, or use it for your own personal storage. The private rear parking lot offers one off-street space for each tenant. On-Street parking is also available and easy to find. Rents for the Units are as follows: all are month to month leases One Unit at $1,200/mo; One Unit at $1,100.00/mo; One Unit at $1,000.00/mo; and One Unit at $950.00/mo. (The Tenant at $950/mo gets a slightly reduced rent price because they help the owner with the Building.) A great combination of location, condition, return on investment.
Location
State NJ
County Burlington
Area Maple Shade Twp (20319)
Zoning RES
Rooms
Basement Full, Outside Entrance
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water, Radiator
Cooling None
Heat Source Natural Gas
Exterior
Parking Features Garage - Front Entry, Additional Storage Area
Garage Spaces 2.0
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 2
Garage Y
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Maple Shade H.S.
School District Maple Shade Township Public Schools
Others
Tax ID 19-00057-00020 01
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Craig R Roloff • RE/MAX Of Cherry Hill