3163 Merriel Ave, Camden, NJ 08105

$200,000
: 3
BD
: 1
BA
: 1,024
SqFt

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List Price: $200,000
Days on Market: 22
Status: ACTIVE
MLS#: NJCD2121742
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Living Area: 1,024
Lot Size (Acres): 0.03
Style: Colonial
Year Built: 1930
County: Camden
School District: Camden City Schools

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Property Description

Investor Alert! Strong cap rate and annual return opportunity here. This 2 bedroom 1 bathroom with a tenant already in place and generating solid rental income. The property can produce a annual NOI of approximately $21,800 making it an attractive addition to an investment portfolio. This property needs a rehab and is vacant. Bring your finishing touches and unlock even more potential. With routine upkeep. This income-producing rental is positioned to help you generate consistent monthly cash flow. This property is being sold as part of a larger portfolio with multiple locations throughout New Jersey. Buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal. The seller can also offer creative financing options, including the potential to take over the existing mortgage on these rental properties. Ask about it before or after your tour. Located in a ever increasing , convenient area near local parks, eateries, and entertainment to enjoy from Philadelphia and New Jersey, This rental offers both investment appeal and stable long-term tenants that need housing. The seller is selling AS IS. All units are up to date with TWP CO's and housing where necessary. Seller would like the buyer to use his title company to purchase. Buyer responsible for their own Due Diligence before purchase. Don’t miss this opportunity—schedule your showing today!

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