109 E Main St Maple Shade, NJ 08052

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Quadruplex
• Structure Type: Detached
• Architectural Style: Colonial
• Ownership: Fee Simple
• New Construction: No
• Year Built: 1932
• Automatically Close On Close Date: No
• Remarks Public: PROPERTY IS BACK ON THE MARKET AND AVAILABLE TO BE SHOWN. TO ACCOMMODATE THE TENANTS, SHOWINGS WILL BE RESTRICTED TO SPECIFIC OPEN HOUSE WINDOWS. Excellent investment opportunity awaits! SOLD IN "AS IS" CONDITION, but property is in good shape. This well-kept, 4 unit, 2 story apartment building in the heart of Maple Shade presents a wonderful chance for you to use a real estate asset to grow your wealth! This central location, is convenient to major highways and public transportation, shops & restaurants on Main Street, making it very desirable for Tenants. Tenants will love to call this place their home, because it is well maintained, neat and clean and makes a great presentation as you approach. All 4 units are currently tenant occupied and the building has a solid rental history. There's a keyed, common side entry to a wide hallway & staircase, for the tenants with 4 total, sunlit apartments, 2 on each floor, all of which consist of a Living Room, Kitchen with eating area, Bedroom, Bathroom & stacked washer/dryer. Property also has a full basement Each unit has hardwood flooring, nicely updated Kitchens and tiled Bathrooms and separately metered utilities. Current owner pays water/gas and the tenants are responsible for the electric. Each unit has a window unit air conditioner. There's a detached garage in back for additional rental income if you choose, or use it for your own personal storage. The private rear parking lot offers one off-street space for each tenant. On-Street parking is also available and easy to find. Rents for the Units are as follows: all are month to month leases One Unit at $1,200/mo; One Unit at $1,100.00/mo; One Unit at $1,000.00/mo; and One Unit at $950.00/mo. (The Tenant at $950/mo gets a slightly reduced rent price because they help the owner with the Building.) A great combination of location, condition, return on investment.
• Special Features: None

Interior Features

• Foundation Details: Other
• Basement: Yes
• Basement Type: Full, Outside Entrance
• Total Sq Ft: 3000
• Living Area Sq Ft: 3000
• Price Per Sq Ft: 186.63
• Above Grade Finished Sq Ft: 3000
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 109

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Roof: Flat
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage Spaces: 2.00
• Garage: Yes
• Garage Features: Garage - Front Entry, Additional Storage Area
• Number Of Detached Garage Spaces: 2
• Total Garage And Parking Spaces: 2
• Type Of Parking: Detached Garage, Off Street, Parking Lot

Utilities

• Central Air Conditioning: No
• Heating Fuel: Natural Gas
• Heating Type: Baseboard - Hot Water, Radiator
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public
• Internet Services: Broadband, Cable

Schools

• School District: MAPLE SHADE TOWNSHIP PUBLIC SCHOOLS
• High School: MAPLE SHADE H.S.
• High School Source: Listing Agent
• School District Key: 300200396959
• School District Source: Listing Agent
• High School: MAPLE SHADE H.S.

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 186800.00
• Land Assessed Value: 34000.00
• Lot Size Acres: 0.13
• Lot Dimensions: 37.50 x 150.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 5625.00
• Year Assessed: 2021
• Zoning: RES

Rental Info

• Existing Lease Type: Month To Month
• Owner Pays: Heat, Water, Sewer, Insurance
• Units Leased Count: 4
• Vacation Rental: No

Multi Family

• Income Includes: Apartment Rentals

Tax Info

• Assessor Parcel Number: 1667423
• Tax Annual Amount: 7958.00
• Assessor Parcel Number: 19-00057-00020 01
• Tax Lot: 00020 01
• Tax Total Finished Sq Ft: 3000
• Tax Data Updated: No
• Tax Year: 2021
• Close Date: 06/27/2022

MLS Schools

• School District Name: MAPLE SHADE TOWNSHIP PUBLIC SCHOOLS