
16 Mcclelland Ave Pitman, NJ 08071
Estimated Value: $381,691 - $475,000
Highlights
- No HOA
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- 2 Car Attached Garage
- En-Suite Primary Bedroom
About This Home
As of October 2018Here is an Excellent Opportunity to own a very well maintained turn key Investment Property in one of South Jersey's newly developing Downtown Area! Broadway Theatre, 2 Craft Breweries, Bakeries and Restaurants make this a local attraction that is all within walking distance. Many other shops and public transportation too!. This Building consists of 4 One Bedroom Apartments and an attached 2 Car Garage. The total available income is $47,400 with Expenses of $13,616. This leaves you with a Net Return of over $33,000 per year. That is an awesome return and guess what the building is ready to go with everything being maintained whenever necessary. Each Unit has separate Electric Meters that even includes their Washer/Dryer Hookups and Storage Cage in the basement. That's right each unit has a separate storage area in the basement that allows them to lock up bikes, seasonal decorations or whatever they need. Every unit also has a separate Laundry Hookup in the basement so that they do not have to seek an outside laundromat. The plumbing has all been updated with Pex Lines that run to each fixture. Off Street Parking is also available for the tenants use. The owner has all of the required documentation including State of NJ 5 Year Inspection Certificate, Annual Pitman Inspection, Fully Wired Basement Fire Alarm System with Monitoring (Required), Knox Box for Fire Department Access (Required). If you are looking for an investment that is ready to go opportunity is knocking!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,156
Year Built
- Built in 1930
Lot Details
- 7,134 Sq Ft Lot
- Lot Dimensions are 82x87
- Property is in good condition
Parking
- 2 Car Attached Garage
- 4 Open Parking Spaces
Home Design
- 2,180 Sq Ft Home
- Quadruplex
- Flat Roof Shape
- Brick Foundation
- Stucco
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Pitman Middle School
- Pitman High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
- Cable TV Available
Additional Features
- En-Suite Primary Bedroom
- Washer and Dryer Hookup
Listing and Financial Details
- Tax Lot 00019
- Assessor Parcel Number 15-00196-00019
Community Details
Overview
- No Home Owners Association
Building Details
- Electric Expense $180
- Insurance Expense $1,124
- Other Expense $1,656
- Operating Expense $13,616
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Similar Homes in Pitman, NJ
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Rmkc Property Llc | $275,000 | Foundation Title Llc | |
Fuerst Michelle | $199,000 | Commonwealth Land Title Insu | |
Armstrong Harry G | $100,000 | Supreme Title Agency Inc |
Mortgage History
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Rmkc Property Llc | $240,000 | |
Closed | Rmkc Property Llc | $220,000 | |
Previous Owner | Fuerst Michelle | $149,250 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
10/30/2018 10/30/18 | Sold | $275,000 | -15.4% | $126 / Sq Ft |
10/08/2018 10/08/18 | Pending | -- | -- | -- |
10/10/2017 10/10/17 | For Sale | $325,000 | -- | $149 / Sq Ft |
Tax History Compared to Growth
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $10,387 | $305,400 | $49,800 | $255,600 |
2023 | $10,387 | $305,400 | $49,800 | $255,600 |
2022 | $9,977 | $305,400 | $49,800 | $255,600 |
2021 | $8,706 | $194,200 | $48,200 | $146,000 |
2020 | $8,603 | $194,200 | $48,200 | $146,000 |
2019 | $8,401 | $194,200 | $48,200 | $146,000 |
2018 | $8,259 | $194,200 | $48,200 | $146,000 |
2017 | $8,156 | $194,200 | $48,200 | $146,000 |
2016 | $7,999 | $194,200 | $48,200 | $146,000 |
2015 | $7,784 | $194,200 | $48,200 | $146,000 |
2014 | $7,545 | $194,200 | $48,200 | $146,000 |
Agents Affiliated with this Home
-
Seller's Agent in 2018
Edward English
EXP Realty, LLC
(609) 217-3600
3 in this area
29 Total Sales
-
Buyer's Agent in 2018
James Sullivan III
Century 21 - Rauh & Johns
(609) 820-7011
3 in this area
162 Total Sales
Map
Source: Bright MLS
MLS Number: 1003279991

APN: 15-00196-0000-00019
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