$325,000
$325,000
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2,366 SqFt
SOLD DATE : 07/14/2021
Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,366 sqft
Price per Sqft $137
Subdivision Fairmount
MLS Listing ID NJBL392920
Sold Date 07/14/21
Style Victorian
HOA Y/N N
Abv Grd Liv Area 2,366
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $7,776
Tax Year 2020
Lot Size 0.275 Acres
Acres 0.28
Lot Dimensions 96.00 x 125.00
Property Description
10+% cap rate! Rare & lucrative opportunity! Turn key 3 unit fully rented Triplex with large driveway & oversized 1 car garage! Current property combined rent is $3150 per month! $1525 + $900 + $725 = $3150.00. Almost unlimited possibilities for future occupancy options. Continue to rent all 3 units, live in one unit & rent the remaining 2, multi generational family living under one roof. The choice is yours how to utilize this versatile, flexible, profitable property! Unit C 1st floor $1525 per month 3 bed/1 bath with large living room, generous kitchen, dining room area, rear deck & use of spacious backyard & basement! Unit A 2nd & 3rd floor $900 per month. 1 bed/1 bath with modern kitchen with granite countertops & tile backsplash, stainless steel appliances, cozy living room & very large finished attic that could easily be used as a home office, abundant storage space, private front porch! Unit B $725 per month 1st floor efficiency 1 bed/1 bath with living main living area, kitchen & front porch! Multiple Roofs Replaced in 2018! Oversized driveway with parking for 5 cars! Oversized 1 car garage can be rented separately for additional $150.00 income or tenants monthly rent can be increased for garage storage to increase already lucrative monthly income! This turnkey 3 unit fully rented Triplex with 5+ car driveway & oversized 1 car garage is a rare & lucrative opportunity with profitability and occupancy options deserves a reservation at the top of your must see list!
Location
State NJ
County Burlington
Area Riverside Twp (20330)
Zoning RES
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water, Radiator, Baseboard - Electric
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Parking Features Garage - Front Entry
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Riverside Township Public Schools
Others
Tax ID 30-02203-00014
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jerome J. Washington • Neighborhood Assistance Corp. of America (NACA)