$325,000
SOLD NOV 27, 2024
-- Bed
-- Bath
1,598 Sq Ft
2,400 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

28 Days on Market

About This Home

As of November 2024

Unlock the potential of this well-maintained set of duplexes, ideally situated in Pennsauken with easy access to Philadelphia. This versatile building offers a fantastic opportunity for investors seeking steady rental income or owner-occupants looking to maximize their property value. With four distinct units, this property provides both privacy and convenience. Perfect for generating cash flow or accommodating extended family with two 2BD/1BTH units in each property. Each unit features private laundry and individually metered utilities. Ample off-street parking with a private lot & large shared backyard. Property currently generates $5,190 in monthly rental income with potential for growth. Take advantage of this unbeatable location, within minutes of major roads & bridges, placing everything you could possibly need at your fingertips! Situated in an area with ever-growing appreciation, these two duplexes present a prime opportunity to acquire high-performing rental properties in a desirable location. Whether you're an experienced investor or a first-time buyer looking to offset living costs, this property endeavors exceptional value!
Property is being sold in conjunction with the duplex located at 217 N 41st St (MLS# NJCD2074734, Tax ID #: 08-01034-00029) as a package for $650,000.

Last Agent to Sell the Property

Patrick Gorman

Keller Williams - Main Street Listed on: 09/04/2024

Keller Williams - Main Street

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,767

Year Built

  • Built in 1950

Lot Details

  • 2,400 Sq Ft Lot
  • Lot Dimensions are 24.00 x 100.00

Parking

  • Parking Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Permanent Foundation
  • Aluminum Siding

Interior Spaces

  • 1,598 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00067
  • Assessor Parcel Number 08-01034-00067

Community Details

Overview

  • 2 Units
  • Pennsauken Border Subdivision

Building Details

  • Operating Expense $12,054
  • Gross Income $59,166
  • Net Operating Income $47,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,767

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: Unlock the potential of this well-maintained set of duplexes, ideally situated in Pennsauken with easy access to Philadelphia. This versatile building offers a fantastic opportunity for investors seeking steady rental income or owner-occupants looking to maximize their property value. With four distinct units, this property provides both privacy and convenience. Perfect for generating cash flow or accommodating extended family with two 2BD/1BTH units in each property. Each unit features private laundry and individually metered utilities. Ample off-street parking with a private lot & large shared backyard. Property currently generates $5,190 in monthly rental income with potential for growth. Take advantage of this unbeatable location, within minutes of major roads & bridges, placing everything you could possibly need at your fingertips! Situated in an area with ever-growing appreciation, these two duplexes present a prime opportunity to acquire high-performing rental properties in a desirable location. Whether you're an experienced investor or a first-time buyer looking to offset living costs, this property endeavors exceptional value! Property is being sold in conjunction with the duplex located at 217 N 41st St (MLS# NJCD2074734, Tax ID #: 08-01034-00029) as a package for $650,000.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1598
  • Living Area Sq Ft: 1598
  • Price Per Sq Ft: 203.38
  • Above Grade Finished Sq Ft: 1598
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 215

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: CAMDEN CITY SCHOOLS
  • School District Key: 300200396977
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 24.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2400.00
  • Year Assessed: 2023
  • Zoning: RES

Rental Info

  • Total Actual Rent: 62280.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Scheduled Income: 59166.00
  • Operating Expense: 12054.00
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Annual Amount: 1767.00
  • Assessor Parcel Number: 08-01034-00067
  • Tax Lot: 00067
  • Tax Total Finished Sq Ft: 1598
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 11/27/2024

MLS Schools

  • School District Name: CAMDEN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Nov 22, 2024
Sold by
Camden Residential Properties Llc
Bought by
217 N 41St Llc
Seller's Agent
Patrick Gorman
Keller Williams - Main Street
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$325,000
Sold Price
$325,000
Views
193
Current Estimated Value
$327,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,359
Avg. Annual Appreciation
1.59%
Original Mortgage
$260,000
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2011
Sold by
215 N 41St Street Llc
Bought by
Camden Residential Properties Llc

Purchase Details

Closed on
Dec 26, 2008
Sold by
Mathenge Lydia
Bought by
215 N 41St Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 5, 2008
Sold by
Mangual Roberto
Bought by
Mathenge Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 2004
Sold by
Felder Mark
Bought by
Mangual Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.39%

Purchase Details

Closed on
Jul 26, 2000
Sold by
Fleming Margaret
Bought by
Felder Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,127
Interest Rate
8.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 1994
Sold by
Khan Sami
Bought by
Fleming Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.93%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $325,000 Mega Title
Deed -- --
Deed -- --
Deed $105,000 --
Deed $75,000 --
Deed $42,500 --
Deed $42,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $260,000 New Conventional
Previous Owner $579,150 Commercial
Previous Owner $20,000 Credit Line Revolving
Previous Owner $152,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $84,000 Unknown
Previous Owner $67,500 No Value Available
Previous Owner $42,127 FHA
Previous Owner $25,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $325,000 0.0% $203 / Sq Ft
09/04/2024 09/04/24 For Sale $325,000 -- $203 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $1,828 $51,600 $20,800 $30,800
2024 $1,767 $51,600 $20,800 $30,800
2023 $1,767 $51,600 $20,800 $30,800
2022 $1,734 $51,600 $20,800 $30,800
2021 $1,728 $51,600 $20,800 $30,800
2020 $1,641 $51,600 $20,800 $30,800
2019 $1,571 $51,600 $20,800 $30,800
2018 $1,563 $51,600 $20,800 $30,800
2017 $1,525 $51,600 $20,800 $30,800
2016 $1,476 $51,600 $20,800 $30,800
2015 $1,421 $51,600 $20,800 $30,800
2014 $1,387 $51,600 $20,800 $30,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2074716

Bright MLS

APN: 08-01034-0000-00067