20 W 2nd Ave Runnemede, NJ 08078

Listing Details

• Property Type: Multi-Family
• Structure Type: Detached
• Ownership: Fee Simple
• New Construction: No
• Year Built: 1930
• Automatically Close On Close Date: No
• Remarks Public: INCREDIBLE MULTIFAMILY OPPORTUNITY - x7 Fully Occupied 1 Bedroom/1 Bathroom Units!!! Overflowing with potential to add value by billing back utilities increasing to market rents. Seller passed New Jersey DCA hotel & multiple dwellings inspection less than a year ago! Cycles generally last 5 years, so the property should not require re-inspection for some time. Shared coin-operated laundry in basement & private parking with paved driveway! Unit 1 is currently being rented for $950/mo thru 3/31/25. Unit 2 is currently being rented for $771/mo on a month to month lease. Unit 3 is currently being rented for $975/mo thru 8/31/24. Unit 4 is currently being rented for $903/mo on a month to month lease. Unit 5 is currently being rented for $1,013/mo on a month to month lease. Unit 6 is currently being rented for $1,050/mo thru 2/28/25. Unit 7 is currently being rented for $880/mo thru 3/31/24. Schedule a tour TODAY - you won't want to miss this opportunity!
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• Fireplace: No
• Foundation Details: Brick/Mortar
• Total Sq Ft: 3000
• Living Area Sq Ft: 3000
• Price Per Sq Ft: 181.67
• Above Grade Finished Sq Ft: 3000
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 20

Exterior Features

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

Garage/Parking

• Garage: No
• Parking Features: Asphalt Driveway
• Type Of Parking: Driveway

Utilities

• Central Air Conditioning: No
• Heating Fuel: Electric
• Heating Type: Baseboard - Electric
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public

Schools

• School District: BLACK HORSE PIKE REGIONAL SCHOOLS
• High School: TRITON
• High School Source: 3rd Party
• School District Key: 300200396979
• School District Source: Listing Agent
• High School: TRITON

Lot Info

• Land Use Code: APAR
• Lot Size Acres: 0.17
• Lot Size Units: Square Feet
• Lot Sq Ft: 7200.00
• Zoning: RESID

Rental Info

• Number Of Units Month To Month: 3
• Total Actual Rent: 86700.00
• Units Leased Count: 7
• Vacation Rental: No

Multi Family

• Operating Expense: 22682.58
• Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

• Tax Annual Amount: 7951.00
• Assessor Parcel Number: 30-00045-00010 01
• Tax Year: 2002
• Close Date: 05/06/2024

MLS Schools

• School District Name: BLACK HORSE PIKE REGIONAL SCHOOLS