20 W 2nd Avenue, Runnemede, NJ 08078

$575,000
3,000
SqFt

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Sold Price
$575,000
List Price
$545,000
Closing Date
May 06, 2024
Days on Market
25
Status
CLOSED
MLS#
NJCD2064862
Living Area
3,000
Lot Size (Acres)
0.17
Style
Other
Year Built
1930
County
Camden
School District
Black Horse Pike Regional Schools

Property Description

INCREDIBLE MULTIFAMILY OPPORTUNITY - x7 Fully Occupied 1 Bedroom/1 Bathroom Units!!! Overflowing with potential to add value by billing back utilities increasing to market rents. Seller passed New Jersey DCA hotel & multiple dwellings inspection less than a year ago! Cycles generally last 5 years, so the property should not require re-inspection for some time. Shared coin-operated laundry in basement & private parking with paved driveway! Unit 1 is currently being rented for $950/mo thru 3/31/25. Unit 2 is currently being rented for $771/mo on a month to month lease. Unit 3 is currently being rented for $975/mo thru 8/31/24. Unit 4 is currently being rented for $903/mo on a month to month lease. Unit 5 is currently being rented for $1,013/mo on a month to month lease. Unit 6 is currently being rented for $1,050/mo thru 2/28/25. Unit 7 is currently being rented for $880/mo thru 3/31/24. Schedule a tour TODAY - you won't want to miss this opportunity!

Additional Information

Area
Runnemede Boro (20430)
Subdivision
Runnemede Gardens
Taxes
$7951
School District
Black Horse Pike Regional Schools
High School
Triton
Heating
Baseboard - Electric
Heating Fuel
Electric
Cooling
None
Water
Public
Sewer
Public Sewer

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Listing courtesy of Keller Williams - Main Street. Contact:

Selling Office: .