Cassandra Boyer - Coldwell Banker Hearthside

IQWeb_Description

Triplex, all one floor, side-by-side units. This property has been owned by the same individual for 18 years. This is a turn-key property. It has been a fantastic rental property, always rented. YES, this is an almost 10 CAP RATE, however, the middle unit tenant has been renting for nearly 18 years so their rent rate is 800/month. But the present market rate for that unit is 990/month. Each unit has its own driveway and their own fenced backyard area. All units have their own electric, gas and water meters (the middle unit does not use gas) and tenants are responsible for paying their own utilities. The current owner pays for the CCMUA (264/quarter) and local sewer (138/quarter). These numbers are are listed in the total expenses. Owner also pays for lawn mowing, twice a month at the cost of 70/month for the months of April-October (also included in the total expense numbers). Property is conveniently located near Route 42, Deptford shopping areas, close to the highways to get you to Philly or A/C. Live in one unit and let the other's pay the bills, or have a full cash cow and rent all three.

IQWeb_Details

IQWeb_MLS1002218728
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year1945
IQWeb_Days_on_Site3

IQWeb_Features

IQWeb_Market_Activity 08029

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IQWeb_Area_Information

IQWeb_StateNJ
IQWeb_CityGLENDORA
IQWeb_Zip_Code08029
IQWeb_AreaGloucester Twp (20415)
Listing VS Median (in 08029)
Price:
$279,900
low | high
Med:
$140,000
99.98231511254% of Average
On Site:
3
low | high
Med:
74.5
4.026845637584% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 1002218728
IQWeb_Listing_Provided_By:
William M Bascou  IQWeb_of  Lamon Associates-Cinnaminson

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