48 W Atlantic Avenue, Audubon, NJ 08106
- $338,000
- Sold Price
- $338,000
- List Price
- $334,999
- Closing Date
- Sep 18, 2024
- Days on Market
- 19
- Status
- CLOSED
- MLS#
- NJCD2073542
- Lot Size (Acres)
- 0.02
- Style
- Other
- Year Built
- 1955
- County
- Camden
- School District
- Audubon Public Schools
Property Description
Welcome to 48 W. Atlantic Ave, Audubon, NJ, a charming duplex situated in the heart of the town. This property boasts exceptionally low property taxes of just $3,707 annually, making it a standout investment opportunity. Located right off Merchant St, this duplex offers unparalleled convenience with ample parking available in the public lot adjacent to the home. Both units are currently occupied, generating a strong cash flow of $2,400 per month, ensuring a steady and reliable income stream. Each unit features one bedroom and one bathroom, with the first-floor unit having undergone renovations three years ago, including new cabinets, an updated bathroom, and new flooring throughout. The property's prime location allows residents to enjoy the small-town feel while being within walking distance of local shops, restaurants, and community amenities. With its modern updates, stable income, and incredibly low taxes, this duplex is an ideal investment for expanding your portfolio. Both units are currently rented. The lower unit lease is until September 2026. The second-floor lease is until June 30, 2025. The owner is honoring the lease agreements in place.
Additional Information
- Area
- Audubon Boro (20401)
- Taxes
- $3183
- School District
- Audubon Public Schools
- Flooring
- Wood, Fully Carpeted
- Exterior Features
- Sidewalks
- Heating
- Radiator
- Heating Fuel
- Natural Gas
- Cooling
- Wall Unit
- Utilities
- Cable TV
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of Compass New Jersey, LLC - Haddon Township. Contact:
Selling Office: .