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Key Details
Sold Price $46,500
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,696 sqft
Price per Sqft $17
Subdivision None Available
MLS Listing ID 1000051234
Sold Date 05/17/17
Style Other
HOA Y/N N
Abv Grd Liv Area 2,696
Originating Board TREND
Year Built 1900
Annual Tax Amount $4,882
Tax Year 2016
Lot Size 0.258 Acres
Acres 0.26
Lot Dimensions 68X165
Property Description
Current side by side duplex. This property was fire damaged last year and needs an extensive rehabilitation. Main unit is 3 stories (4 Beds 1 Bath) and is totally down to studs for a fresh start. Second unit is 2 stories (2 Bed 1 Bath) and is partially down to studs and needs work to become rental-able. Due to this home being down to studs you have the ability to convert this to a 4 unit quadplex. This would in turn allow each 1 bed 1 bath unit to be rented for approximately 900 - 1000 monthly. Cap rate with repairs, at the projected new cash flow number, would still be approx. 25%. The possibilities are endless with this property. Property being sold as-is where-is... buyer is responsible for township CO and responsible to complete all due diligence and any/all inspections are for buyer's informational use only. (All numbers and information provided by agent or owner are for informational use only and are estimated. Buyer to complete all due diligence on their own.)
Location
State NJ
County Gloucester
Area Monroe Twp (20811)
Zoning RES
Rooms
Other Rooms Primary Bedroom
Basement Partial
Interior
Hot Water Natural Gas
Heating Gas
Cooling None
Fireplace N
Heat Source Natural Gas
Laundry Has Laundry
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Others
Tax ID 11-03206-00009
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Cetewayo Hafiz • Keller Williams Realty - Washington Township
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