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Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,932 sqft
Price per Sqft $144
MLS Listing ID NJCD2018542
Sold Date 04/11/22
Style Traditional
Abv Grd Liv Area 1,932
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $7,328
Tax Year 2021
Lot Size 4,321 Sqft
Acres 0.1
Lot Dimensions 45.00 x 45.00
Property Description
TRIPLEX! Calling All Investors! Amazing location! Welcome to 419 Clements Bridge Road in the Barrington Borough. This building features 3 units that have been very well maintained. Unit A: 2 bedrooms & 1 full bathroom, Unit B: 1 bedroom & 1 full bathroom. Unit C: lovely studio with 1 full bathroom. Current total rental income is $2,650 per month. Property owner has kept the current rents below current market value. Unit A rents at $1,150 per month, Unit B rents at $800 per month, Unit C rents at $700 per month. Market value rent should be Unit A at $1,250 per month, Unit B at $1,150 per month and Unit C at $850 per month for a total of $3,250 per month. These rental comps are very conservative and the property can potentially produce more. Unit A has a longer term lease in place. Unit B & C are month to month leases. So much to offer and will not last! Call to schedule a private showing today!
Location
State NJ
County Camden
Area Barrington Boro (20403)
Zoning MULTI
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Covered Parking
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, Detached Garage
Total Parking Spaces 1
Garage Y
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Barrington Borough Public Schools
Others
Tax ID 03-00022-00006
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Kathleen M. Quarterman • Better Homes and Gardens Real Estate Maturo
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