1336 Morton St, Camden, NJ 08104

$175,000
2
BD
1
BA
855
SqFt

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List Price
$175,000
Days on Market
23
Status
ACTIVE
MLS#
NJCD2121768
Bedrooms
2
Bathrooms
1
Full Baths
1
Living Area
855
Lot Size (Acres)
0.03
Style
Colonial
Year Built
1918
County
Camden
School District
Camden City Schools

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 is producing an annual NOI of approximately $17,909 making it an attractive addition to an investment portfolio. 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!

Additional Information

Area
Camden City (20408)
Subdivision
Parkside
Taxes
$1142
School District
Camden City Schools
Heating
Forced Air
Heating Fuel
Natural Gas
Cooling
Ceiling Fan(s), Window Unit(s)
Roof
Asphalt
Water
Public
Sewer
Public Sewer
Basement
Yes

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Calculator source: Real Geeks

Listing courtesy of Keller Williams - Main Street. Contact: 8568582200