$375,000
SOLD JAN 24, 2025
-- Bed
-- Bath
2,175 Sq Ft
7,318 Sq Ft Lot

Recently Sold

$172 Per Sq Ft

107 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Forced Air Heating System

About This Home

As of January 2025

Discover the charm and versatility of this well-maintained duplex, perfectly situated in Pennsauken! Ideal for homeowners and investors alike, this property offers a unique blend of comfort, convenience & lucrative investment potential. The property currently generates $3,990 in monthly rental income. Each unit boasts a spacious 3BD/1BTH layout, designed to enhance natural light and flow. Enjoy generous living and dining areas perfect for relaxation and entertaining. Each unit has separate gas & electric as well as individual laundry, providing privacy and efficiency for both occupants. A shared backyard & expansive back porch offer great spaces for outdoor activities or simply relaxing. Oversized, fully-rented multi-car driveway! Located just minutes from local shops, parks, public transit & major roads/bridges, this duplex supports a convenient lifestyle while maintaining a peaceful residential ambiance. With strong rental demand in the area, this property is an excellent choice for generating cash flow while enjoying the benefits of property ownership!

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

Murat Sengul

Twins Associates, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,784

Year Built

  • Built in 1938

Lot Details

  • 7,318 Sq Ft Lot
  • Lot Dimensions are 60.00 x 122.00

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Permanent Foundation
  • Aluminum Siding

Interior Spaces

  • 2,175 Sq Ft Home
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00035
  • Assessor Parcel Number 27-04513-00035

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $13,450
  • Net Operating Income $32,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,784

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1938
  • Automatically Close On Close Date: No
  • Remarks Public: Discover the charm and versatility of this well-maintained duplex, perfectly situated in Pennsauken! Ideal for homeowners and investors alike, this property offers a unique blend of comfort, convenience & lucrative investment potential. The property currently generates $3,990 in monthly rental income. Each unit boasts a spacious 3BD/1BTH layout, designed to enhance natural light and flow. Enjoy generous living and dining areas perfect for relaxation and entertaining. Each unit has separate gas & electric as well as individual laundry, providing privacy and efficiency for both occupants. A shared backyard & expansive back porch offer great spaces for outdoor activities or simply relaxing. Oversized, fully-rented multi-car driveway! Located just minutes from local shops, parks, public transit & major roads/bridges, this duplex supports a convenient lifestyle while maintaining a peaceful residential ambiance. With strong rental demand in the area, this property is an excellent choice for generating cash flow while enjoying the benefits of property ownership!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2175
  • Living Area Sq Ft: 2175
  • Price Per Sq Ft: 172.41
  • Above Grade Finished Sq Ft: 2175
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2230

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Garage(s)
  • 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: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • 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: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396992
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 60.00 x 122.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7318.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2024
  • Zoning: RES

Rental Info

  • Total Actual Rent: 47880.00
  • Units Leased Count: 5
  • Vacation Rental: No

Multi Family

  • Gross Income: 45486.00
  • Operating Expense: 13450.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Annual Amount: 6784.00
  • Assessor Parcel Number: 27-04513-00035
  • Tax Lot: 00035
  • Tax Total Finished Sq Ft: 2175
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 01/24/2025

MLS Schools

  • School District Name: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Jan 24, 2025
Sold by
First State Residential Properties Llc
Bought by
Absy Properties Llc
Seller's Agent
Patrick Gorman
Keller Williams - Main Street
Buyer's Agent
Murat Sengul
Twins Associates, LLC
List Price
$375,000
Sold Price
$375,000
Total Days on Market
107
Views
307
Current Estimated Value
$378,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,223
Avg. Annual Appreciation
2.34%
Original Mortgage
$300,000
Outstanding Balance
$299,500
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$78,723

Purchase Details

Listed on
Aug 24, 2019
Closed on
Oct 15, 2019
Sold by
Singh Rajendra
Bought by
First State Residential Properties Llc
Seller's Agent
Nikunj Shah
Long & Foster Real Estate, Inc.
Buyer's Agent
Patrick Gorman
Keller Williams - Main Street
List Price
$180,000
Sold Price
$160,000
Premium/Discount to List
-$20,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.65%
Original Mortgage
$164,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
May 11, 2016
Closed on
May 4, 2017
Sold by
Nrz Reo Inventory Inc
Bought by
Singh Rajendra
Seller's Agent
Owen Peters
Vylla Home
Buyer's Agent
Emily Vannatta
RE/MAX Preferred - Cherry Hill
List Price
$99,900
Sold Price
$56,900
Premium/Discount to List
-$43,000
-43.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.76%

Purchase Details

Closed on
Jan 15, 2016
Sold by
Jpmorgan Chase Bank Na
Bought by
Nrz Reo Inventory Corp

Purchase Details

Closed on
Dec 15, 2014
Sold by
Landwehrle John R
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Jan 30, 2003
Sold by
Federal Home Loan Mortgage
Bought by
Kaganovich Alexander J
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 $375,000 American Title Abstract
Deed $375,000 American Title Abstract
Deed $160,000 Surety Title Company
Deed $56,900 Surety Title Agency Of Haddo
Deed $43,019 --
Sheriffs Deed -- None Available
Deed $52,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Closed $300,000 New Conventional
Previous Owner $189,000 New Conventional
Previous Owner $164,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $375,000 0.0% $172 / Sq Ft
12/20/2024 12/20/24 Pending -- -- --
12/09/2024 12/09/24 Price Changed $375,000 0.0% $172 / Sq Ft
12/09/2024 12/09/24 For Sale $375,000 -6.2% $172 / Sq Ft
11/13/2024 11/13/24 Off Market $399,900 -- --
10/19/2024 10/19/24 Price Changed $399,900 -5.9% $184 / Sq Ft
09/04/2024 09/04/24 For Sale $425,000 +165.6% $195 / Sq Ft
10/31/2019 10/31/19 Sold $160,000 -5.9% $74 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/11/2019 09/11/19 Price Changed $169,990 -5.6% $78 / Sq Ft
08/24/2019 08/24/19 For Sale $180,000 +216.3% $83 / Sq Ft
05/22/2017 05/22/17 Sold $56,900 +3.6% $26 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
03/10/2017 03/10/17 Price Changed $54,900 -45.0% $25 / Sq Ft
05/11/2016 05/11/16 For Sale $99,900 -- $46 / 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
2024 $6,654 $155,900 $38,300 $117,600
2023 $6,654 $155,900 $38,300 $117,600
2022 $6,016 $155,900 $38,300 $117,600
2021 $6,178 $155,900 $38,300 $117,600
2020 $5,534 $155,900 $38,300 $117,600
2019 $5,598 $155,900 $38,300 $117,600
2018 $5,628 $155,900 $38,300 $117,600
2017 $5,639 $155,900 $38,300 $117,600
2016 $5,538 $155,900 $38,300 $117,600
2015 $5,703 $155,900 $38,300 $117,600
2014 $4,728 $85,000 $17,700 $67,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2074094

Bright MLS

APN: 27-04513-0000-00035