601 Park Ave, Collingswood, NJ 08108

Property Description

Very rare opportunity to essentially own a "quadplex" in the heart of downtown Collingswood. 601 and 603 Park Avenue are hitting the market together, at the same time, offering investors a massive income generating opportunity and/or, owner-occupants or multi-generation living seekers looking for a large family home with private separate units. Seller prefers to sell the properties together...the 601 Park duplex is listed for 425k and offers a 1 bedroom 1 bath unit on the first level and a 3/4 bedroom 2 bath unit on the 2nd/3rd level. The 603 Park duplex is listed for 440k and offers a 1 bedroom 1 bath unit on the first level, a 3/4 bedroom 1.5 bath unit on the 2nd/3rd level and a 2 car garage that is also rented. 3 of the 4 occupants have been tenants for 5+ years as well as the garage lease holder. The seller has made a ton of upgrades during his ownership making the properties essentially turnkey with huge income potential. Both properties together generate $76,500/yr and there is room to increase rent if the new owner desires. Please see attached upgrade document in listing notes as well as current lease information and attached floor plans. The basement on both 601 and 603 has a newer shared washer dryer. Ample parking on site for all 4 units. Both properties have new electrical panels and upgrades from street to house. This prime location is close to PATCO for quick access to Philadelphia and close to Knight Park, Haddon Ave stores and restaurants, the farmers market and Cooper River! Both properties have duplex certifications from Collingswood Twp and current lead paint certifications required by the state. Truly a one in a million chance to own your very own "Park Place" and start your own monopoly board in much desired downtown Collingswood. Requires 24-hour notice to show.