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Key Details
Sold Price $142,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,547 sqft
Price per Sqft $91
Subdivision Downtown
MLS Listing ID NJCD414520
Sold Date 05/13/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 1,547
Originating Board BRIGHT
Year Built 1860
Annual Tax Amount $3,679
Tax Year 2020
Lot Size 1,300 Sqft
Acres 0.03
Lot Dimensions 13.00 x 100.00
Property Description
Attention all Investors . . . This over-under duplex located in downtown Gloucester City is in fantastic shape and has long history of steady rental income. The 1st floor unit has one bedroom and is leased for $785.00 per month. It has a living room, dining room, kitchen and access to the basement, which is where the laundry room and storage area is located for this unit. The 1st floor unit also includes use of a designated 1-car detached garage (presently used by Landlord). The 2nd floor unit is accessed by the rear staircase (new) and is in really great shape. The unit features 2 bedrooms, remodeled bathroom and kitchen and very own laundry area that is large enough for full sized washer & dryer. This unit rents for $1,100.00 and the designated 1-car detached garage rents for an additional $125.00 per month. With current yearly expenses of $6,404.75 (+/-) and rental income of $24,120.00 (+/-), this investment opportunity nets you approximately $17,715.25. Take a look and you would be hard-pressed to find a better rental investment in the area!
Location
State NJ
County Camden
Area Gloucester City (20414)
Zoning RESIDENTIAL
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Equipment Oven/Range - Gas
Appliance Oven/Range - Gas
Heat Source Natural Gas
Exterior
Garage Garage - Front Entry
Garage Spaces 2.0
Parking On Site 2
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Detached Garage
Total Parking Spaces 2
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Gloucester City Schools
Others
Tax ID 14-00066-00035 01
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, FHA 203(b), VA
Listing Terms Cash, Conventional, FHA, FHA 203(b), VA
Financing Cash,Conventional,FHA,FHA 203(b),VA
Special Listing Condition Standard
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Bought with Allison Allie Nagle • RE/MAX One Realty- Collingswood
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