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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $140
MLS Listing ID NJBL2055374
Sold Date 06/28/24
Style Colonial
Abv Grd Liv Area 3,920
Originating Board BRIGHT
Year Built 1948
Tax Year 2022
Lot Size 7,623 Sqft
Acres 0.18
Lot Dimensions 0.00 x 0.00
Property Description
The lock box is located at the door facing Fellowship road. Tremendous Investment opportunity. Be a live-in Landlord with 2 two bedroom apartments on upper level and a separate shop/office; or use as an investment property with 3 two bedroom units. The first floor was originally the family living quarters which includes two bedrooms, one bath with separate shower stall and tub with shower, large eat-in-kitchen, Living room, and Dining room. Also on the first floor is a 19' X 28' room with separate entrance on Main Street and access from the living room. It was used as the family Hair Salon for many, many years. In more recent times, it has been used for retail sales, as an internet business, and a leather shop. Currently it is being used for Electronic workshop. This workshop currently rents for $650.00 per month. The full, high ceiling basement is accessed from the Dining room entrance or outside entrance , a walk through entrance. The basement has French Drains, 3 newer Weil-McLain heaters, one for each unit. Tenant pays their own heat. Also, there are three newer gas hot water heaters. The house and detached 2 car garage with storage loft with steel beam construction, are all brick exterior. The garage was never rented. It was used by the family. The two car garage if rented, would add to the monthly income. This one owner house has been meticulously maintained through the years. It might be a bit dated but it's in great condition. Apt#2 upstairs, is the smaller of the three apartments. The Tenant is a long time tenant and pays $875. This unit should rent for $1200 to $1400 or whatever the new owner decides. Apt#3 upstairs, is vacant and recently received a face lift. This unit should rent for $1400-$1600 or higher. Unit 3, has all new electrical outlets and switches. It has been freshly painted, new Berber Carpeting was installed in both bedrooms, living room, hall and stairway. There are original hardwood floors under the the carpeting upstairs and downstairs. The kitchen has new vinyl just installed . Unit 3's windows have been re-glazed on the exterior and painted. Apt#1, the downstairs unit is currently vacant and should rent for $2000-2500. There are ceiling fans throughout the units.
Location
State NJ
County Burlington
Area Maple Shade Twp (20319)
Zoning COMMERCIAL
Rooms
Basement Drainage System
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Ceiling Fan(s)
Flooring Carpet, Vinyl
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asbestos Shingle
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade
New Construction N
Schools
School District Maple Shade Township Public Schools
Others
Tax ID 19-00055-00020
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with April odessa Lane • Weichert Realtors-Cherry Hill