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Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,416 sqft
Price per Sqft $128
Subdivision Larchmont Estates
MLS Listing ID NJBL2000338
Sold Date 10/29/21
Style Other
HOA Y/N N
Abv Grd Liv Area 2,416
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $5,421
Tax Year 2020
Lot Dimensions 28.00 x 98.00
Property Description
Back to the market after some additional improvements are made. Great opportunity for a owner to live in one unit and get most of the mortgage paid by the tenant in the other unit. The Top Unit B is currently occupied and the unit was upgraded also with a new kitchen less than 3 years ago. The tenant is currently paying $1350 a month plus water and sewer and is due for a rent increase in November this year. The Top Unit B is a 3 bedroom and 2 and a half bath with a updated kitchen, dining area, living room, and a utility closet for the washer and dryer and heating unit. The downstairs unit A has just been fully renovated with a new kitchen and has 2 bedrooms and one and half bathrooms. New windows were added in LR and a new water heater, and a new washer dryer unit in the closet .Each unit has separate billing for water and sewer electric and heat.. There is a 2 car garage, one for each unit and some off street parking too. Both units have a central air conditioning and heating HVAC heat pump system. These units can be separated into two individual units and sold and owned separately with a Master Deed modification if and when desired. Hurry Don't Miss this great investment property .Either stay in the bottom unit or rent it out for extra Cash Flow ...the market rate for the rent for the 2 BR unit is around $1300/month and a potential tenant is available immediately. There is no HOA or condo monthly fees. "
Location
State NJ
County Burlington
Area Mount Laurel Twp (20324)
Zoning RE
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Flooring Carpet, Laminated, Other
Heat Source Electric
Exterior
Parking Features Garage - Side Entry
Garage Spaces 4.0
Water Access N
Roof Type Shingle
Accessibility Level Entry - Main
Attached Garage 2
Total Parking Spaces 4
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Lenape Regional High
Others
Tax ID 24-00303 02-00032
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Financing Cash,Conventional,FHA,Other
Special Listing Condition Standard
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Bought with Dipti Purohit • Orange Key Realty