16 Mcclelland Ave Pitman, NJ 08071
Estimated Value: $381,691 - $475,000
--
Bed
--
Bath
2,180
Sq Ft
$201/Sq Ft
Est. Value
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
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2017
Closed on
Oct 30, 2018
Sold by
Fuerst Michelle M and Kozuba Edwin F
Bought by
Rmkc Property Llc
Seller's Agent
Edward English
EXP Realty, LLC
Buyer's Agent
James Sullivan III
Century 21 Rauh & Johns
List Price
$325,000
Sold Price
$275,000
Premium/Discount to List
-$50,000
-15.38%
Total Days on Market
363
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,423
Avg. Annual Appreciation
6.73%
Purchase Details
Closed on
Mar 31, 2010
Sold by
Armstrong Harry G and Armstrong Susan J
Bought by
Fuerst Michelle and Kozuba Edwin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,250
Interest Rate
5.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 25, 1995
Sold by
Levine Lawrence A
Bought by
Armstrong Harry G and Armstrong Susan J
Create a Home Valuation Report for This Property
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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 |
Source: Public Records
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 |
Source: Public Records
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 |
Source: Bright MLS
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 |
Source: Public Records
Agents Affiliated with this Home
-
Edward English
Seller's Agent in 2018
Edward English
EXP Realty, LLC
(609) 217-3600
3 in this area
29 Total Sales
-
James Sullivan III
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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