Property Description

The property is back on the market because the Buyer did not fulfill the Commitment!!!! nThe CO is completed. The property is ready for a Quick Close. The home inspection is for the Buyer’s information only. Therefore, the Seller does NOT have an Inspection Report. This is a great investment opportunity, with 1 Unit of 3 Bedrooms and 1 Bath, while the second Unit boasts of 4 Bedrooms and 1 Bathroom. Both units are occupied by long-term Tenants who plan to stay. The Tenants in Unit A have been there for 12 years, while those in Unit B have been there for 3 years and counting. Both Tenants are on Annual Leases, through July 2021 and April 2021, respectively. The Tenant in Unit B occupies 2 Levels. Level 2 has 2 Bedrooms, a Kitchen and a Bathroom. Level 3 has additional 2 Bedrooms. All of the Bedrooms have Closets and Windows. This Unit also has a Laundry hookup. The property has a Full Basement. A New Roof was installed in 2019 and the Kitchen in Unit A was totally upgraded in the same year. All the Utilities are separate, except for the Water. The Gross Income on this property is $27,600 at present, with lots of room for increase, with an updated Rental. Unit A pays $1,100 monthly, but the Area commands $1,300 monthly. Unit B pays $1,200 monthly, but the Area commands $1,600 monthly. . Unit B is NOT available to be shown, however, it will be made available for a Home Inspection.nThere is a long, expanded Driveway next to the property, that belongs to the property.

Features
: Forced air, Baseboard - Hot Water
: Wall unit
N
: Unfinished, Full
: Frame
: Fully Carpeted, Ceramic Tile, Hardwood, Carpet
: 2nd Kitchen
N
: Other
: Electric
: Natural gas
: Natural gas
N
Address Map
GPS works fine.
MLS Addon
Annually
Annually
COLLINGSWOOD BOROUGH PUBLIC SCHOOLS
1,880 Sqft
: Average
: Detached
1,880 Sqft
$8,583
2020
RES
: Public Sewer
: Public
N
$0

Multi-family For Sale

201 POWELTON AVENUE, OAKLYN, New Jersey 08107

1,880 Sqft
$155,000
Listing ID #NJCD2003508
Basic Details
Property Type : Multi-family
Status : PENDING
Listing ID : NJCD2003508
Price : $155,000
Sqft : 1,880 Sqft
Year Built : 1900
Lot Area : 0.14 Acre
Subdivision Name : OAKLYN MANOR
Price Per SQFT : $82
Lot SQFT : 5,900 Sqft
Ownership Interest : Fee Simple
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