Property Description

Great investment duplex in the heart of Merchantville. Victorian twin with front porch and lots of character, located on a quiet, tree-lined street. Half a block from the Merchantville bike path and walking distance to the Merchantville farmers market and the commercial center of town. The charming first-floor 1 bedroom/1 bath apartment has original details including hardwood floors, stained glass window, and 10-foot ceilings. French doors separate a room off the living room perfect for an office, extra living space, and/or guest bedroom. Spacious main bedroom and ample closets throughout the apartment. Large eat-in-kitchen and recently updated bathroom. The first floor also has basement laundry. This unit is rented for $1,050 per month. The spacious second- and third-floor apartment has original Victorian details including entry doors, stair baluster, and 10-foot ceilings. Large living spaces on each floor of the apartment and lots of natural light. 5 good-sized bedrooms, 1 bath. This unit is rented for $1,450 per month. Great tenants in both units. First-floor tenant is month-to-month. Upstairs tenants have a two-year lease ending May 31, 2023, and would love to stay beyond that. Tenants pay all utilities except for local sewer. Includes off-street parking (currently used by first floor apartment) and shared front and back yard space. Students attend Haddon Heights High School. Easy access to Rt 130, Rt. 70, and Rt 38. Photos taken prior to tenants moving in. Property is being sold as-is, but seller will complete CO.

Features
: Hot water
: Pitched
Y
: Full
: Frame
: Stone
N
: Victorian
: Replacement
: Natural gas
: Natural gas
: All Tenant Belongings, Mini Fridge And Freezer In Garage Ring And Security Cameras
N
Address Map
From Rt 130 N. take Maple Ave to Lexington Ave and turn left. Property will be on the right-hand side.
MLS Addon
Annually
Annually
MERCHANTVILLE
HADDON HEIGHTS H.S.
MERCHANTVILLE PUBLIC SCHOOLS
2,306 Sqft
: Twin/semi-detached
2,306 Sqft
$8,279
2020
RESIDENTIAL
: Public Sewer
: Public
N
$0

Multi-family For Sale

11 LEXINGTON AVENUE, MERCHANTVILLE, New Jersey 08109

2,306 Sqft
$259,000
Listing ID #NJCD2007764
Basic Details
Property Type : Multi-family
Status : PENDING
Listing ID : NJCD2007764
Price : $259,000
Sqft : 2,306 Sqft
Year Built : 1900
Lot Area : 0.16 Acre
Subdivision Name : THE OAKS
Price Per SQFT : $112
Lot SQFT : 6,760 Sqft
Ownership Interest : Fee Simple
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