Mehrunissa Phelps - Coldwell Banker Hearthside
16 Mcclelland Ave
PITMAN, NJ 08071

Description

Here is an Excellent Opportunity to own a very well maintained turn key Investment Property in one of South Jersey's newly developing Downtown Area! Broadway Theatre, 2 Craft Breweries, Bakeries and Restaurants make this a local attraction that is all within walking distance. Many other shops and public transportation too!. This Building consists of 4 One Bedroom Apartments and an attached 2 Car Garage. The total available income is $47,400 with Expenses of $13,616. This leaves you with a Net Return of over $33,000 per year. That is an awesome return and guess what the building is ready to go with everything being maintained whenever necessary. Each Unit has separate Electric Meters that even includes their Washer/Dryer Hookups and Storage Cage in the basement. That's right each unit has a separate storage area in the basement that allows them to lock up bikes, seasonal decorations or whatever they need. Every unit also has a separate Laundry Hookup in the basement so that they do not have to seek an outside laundromat. The plumbing has all been updated with Pex Lines that run to each fixture. Off Street Parking is also available for the tenants use. The owner has all of the required documentation including State of NJ 5 Year Inspection Certificate, Annual Pitman Inspection, Fully Wired Basement Fire Alarm System with Monitoring (Required), Knox Box for Fire Department Access (Required). If you are looking for an investment that is ready to go opportunity is knocking!

Details

MLS#1003279991
Sub-TypeResale
StatusActive
Year1930
Days On Site234

Features

Market Activity 08071

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Area Information

StateNJ
CityPITMAN
Zip Code08071
AreaPitman Boro (20815)
Listing VS Median (in 08071)
Price:
$305,000
low | high
Med:
$155,000
99.180327868852% of Average
On Site:
234
low | high
Med:
88
100% of Average
Listing Updated: 08/16/2018
MLS Number: 1003279991
Listing Provided By:
Edward English  of  Weichert Realtors-Mullica Hill

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