NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
9,000 Sq Ft Lot

Last Sold December 23, 2020

Last sale price $205,000

55 Days on Market

Highlights

  • Dual Staircase
  • Deck
  • Wood Flooring
  • Colonial Architecture
  • Traditional Floor Plan
  • No HOA

About This Home

As of December 2020

Attention investors and/or an owner looking for a home with your own store front attached. This unique but highly useful property is a rare find. You have two residential apartments plus a commercial store front/storage space. When all three units are rented the income is $28,800 per year. The upstairs tenants pay $700 which is low because they've been there for 7 years. The place is usually fully rented but when the downstairs tenants vacated after a 5 year rental period the owner decided to leave the place empty in case an interested buyer wants to owner occupy . The downstairs unit includes an open front porch, living room/dining room combination with wood floors, an upgraded eat in kitchen with a breakfast bar, a newly remodeled ceramic tile bath, a large laundry/storage room a good sized master bedroom with double closets, a full basement, and an excellent size back yard with a large shed for additional storage (usually rents for $1200). The upstairs unit is a one bedroom with a living room and eat in kitchen. The store is a good sized office/reception area and a large storage area behind (rents for $500). This could have many uses. The last store was an antique slot machine dealer so there's a ramp to access the storage area if needed. The income is good, it's a very desirable location very close to down town Merchantville and the building is in good shape.

Last Agent to Sell the Property

Sheri Rourke

HomeSmart First Advantage Realty Listed on: 08/14/2020

HomeSmart First Advantage Realty

Last Buyer's Agent

Mr. Leovaris Perdomo

The Property Alliance LLC License #1540720

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,157

Year Built

  • Built in 1920

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 60.00 x 150.00
  • Back Yard
  • Property is in good condition

Home Design

  • Triplex
  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • Bathtub with Shower
  • Traditional Floor Plan
  • Dual Staircase
  • Ceiling Fan
  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Laundry

  • Washer
  • Gas Dryer

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Cooling System Utilizes Natural Gas
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer
  • Tax Lot 00011
  • Assessor Parcel Number 27-05014-00011

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2-Story Building
  • Merchantville Border Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,200
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,157

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: tenants possessions
  • Home Warranty: No
  • Inclusions: washers, dryers and refrigerators in units in "as is" condition ALL windows sold in "as is" condition
  • New Construction: No
  • Expected On Market: 2020-08-14
  • Year Built: 1920
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Attention investors and/or an owner looking for a home with your own store front attached. This unique but highly useful property is a rare find. You have two residential apartments plus a commercial store front/storage space. When all three units are rented the income is $28,800 per year. The upstairs tenants pay $700 which is low because they've been there for 7 years. The place is usually fully rented but when the downstairs tenants vacated after a 5 year rental period the owner decided to leave the place empty in case an interested buyer wants to owner occupy . The downstairs unit includes an open front porch, living room/dining room combination with wood floors, an upgraded eat in kitchen with a breakfast bar, a newly remodeled ceramic tile bath, a large laundry/storage room a good sized master bedroom with double closets, a full basement, and an excellent size back yard with a large shed for additional storage (usually rents for $1200). The upstairs unit is a one bedroom with a living room and eat in kitchen. The store is a good sized office/reception area and a large storage area behind (rents for $500). This could have many uses. The last store was an antique slot machine dealer so there's a ramp to access the storage area if needed. The income is good, it's a very desirable location very close to down town Merchantville and the building is in good shape.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer - Gas, Microwave, Oven/Range - Gas, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Additional Stairway, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Tub Shower, Wood Floors
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2800

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396992
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 105600.00
  • Land Assessed Value: 59400.00
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.21
  • Lot Dimensions: 60.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9000.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: COMMERCIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Sewer
  • Total Actual Rent: 28800.00
  • Units Leased Count: 2
  • Vacation Rental: No
  • Rent Spree Online Application: No

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals
  • Other Units: Unit 3

Tax Info

  • Assessor Parcel Number: 1912613
  • Tax Annual Amount: 6157.00
  • Assessor Parcel Number: 27-05014-00011
  • Tax Lot: 00011
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 12/23/2020

MLS Schools

  • School District Name: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $205,000 +3.0% --
12/19/2020 12/19/20 Price Changed $199,000 0.0% --
11/24/2020 11/24/20 Price Changed $199,000 0.0% --
10/09/2020 10/09/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $199,000 -2.9% --
09/16/2020 09/16/20 Off Market $205,000 -- --
08/14/2020 08/14/20 For Sale $199,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD399590

Bright MLS