NOT LISTED FOR SALE

308 W Evesham Ave Magnolia, NJ 08049

Magnolia Area
Studio
-- Bath
-- Sq Ft
7,000 Sq Ft Lot

Sale Details

Date Sold: May 25, 2021

Last sale price $346,000 $0 Per Sq Ft

17 Days on Market

Highlights

  • 24-Hour Security
  • Colonial Architecture
  • No HOA
  • Open Floorplan
  • Two Story Ceilings
  • Balcony

About This Home

As of May 2021

TURNKEY CASHFLOW INVESTMENT!!! This attractive newly renovated (no deferred maintenance) 4-unit building features two retail spaces on the first floor and two residential apartments on the second floor. All units are occupied by long-time, reliable tenants. One of the residential unit has been converted in to a two bedroom and the rent is doubled. The other is ready to be done the same way (OPPORTUNITY to double the rent here as well). Both of the retail spaces is currently occupied by two successful businesses. (under market rents) This property also features a ton of great storage spaces, basement laundry, and a fire escape. Not only that, but each unit has a separate electrical box and heating unit. Here’s the best part...this property has it's own recently sealed parking lot with all new line for parking spots. Spots in front of the building are convenient for customers of the retail units and private spots in the back of the building are for the residents and shop owners. Start making cashflow the moment you're handed the keys. Make your appointment today!

Last Agent to Sell the Property

Rachael Han-Ong

(856) 321-1212 klrw653@kw.com Keller Williams Realty - Cherry Hill Listed on: 02/16/2021

Keller Williams Realty - Cherry Hill

Last Buyer's Agent

Patricia Barry

(609) 216-7035 pat.barry@foxroach.com Redfin License #9803348

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,381

Year Renovated

  • 2018

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 140.00
  • Property is in very good condition

Home Design

  • Quadruplex
  • Colonial Architecture
  • Traditional Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • Open Floorplan
  • Brick Wall or Ceiling
  • Two Story Ceilings
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Driveway Spaces
  • Parking Lot

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 00011
  • Assessor Parcel Number 23-00001 03-00011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $22,962
  • Net Operating Income $24,268

Security

  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,381

Year Renovated

2018

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Laminated, Vinyl
  • Interior Amenities: Floor Plan - Open
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Brick
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks
  • Roof: Asphalt
  • 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
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Driveway, Parking Lot
  • Number of Spaces in Driveway: 4
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Electric Alarm, Fire Detection System, Main Entrance Lock, Smoke Detector, Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 204300.00
  • Land Assessed Value: 52500.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 50.00 x 140.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7000.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: COM

Rental Info

  • Existing Lease Type: Long Term, Month To Month, Gross
  • Owner Pays: Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 47231.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 47231.00
  • Operating Expense: 22962.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1897250
  • Tax Annual Amount: 11381.00
  • Assessor Parcel Number: 23-00001 03-00011
  • Tax Lot: 00011
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: STERLING HIGH

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
May 24, 2021
Sold by
Bought by
Seller's Agent
Rachael Han-Ong
Keller Williams Realty - Cherry Hill
Buyer's Agent
Patricia Barry
Redfin
List Price
$349,000
Sold Price
$346,000
Premium/Discount to List
-$3,000
-0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$442,708
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.4%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Magnolia, NJ

  • Naoji Moriuchi Real Estate Agent - Compass New Jersey, LLC - Moorestown

    Naoji Moriuchi

    Compass New Jersey, LLC - Moorestown

    (856) 452-4940

    290 Total Sales

    1 in Magnolia

    $315,000 Price

    Naoji Moriuchi
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  • Michelle Evans Real Estate Agent - The Roarke Agency

    Michelle Evans

    The Roarke Agency

    (856) 205-4710

    81 Total Sales

    1 in Magnolia

    $306,921 Price

    Michelle Evans
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  • Dorothy Pellegrino Real Estate Agent - Weichert Realtors-Haddonfield

    Dorothy Pellegrino

    Weichert Realtors-Haddonfield

    (856) 409-6783

    59 Total Sales

    1 in Magnolia

    $185,000 Price

    Dorothy Pellegrino
     Section Image
  • Mary Johnson Real Estate Agent - HomeSmart Realty Advisors

    Mary Johnson

    HomeSmart Realty Advisors

    (609) 798-7818

    107 Total Sales

    1 in Magnolia

    $270,000 Price

    Mary Johnson
     Section Image
  • JANE HOFFMAN Real Estate Agent - Jane Hoffman Realty, LLC

    JANE HOFFMAN

    Jane Hoffman Realty, LLC

    (856) 888-4220

    56 Total Sales

    1 in Magnolia

    $318,000 Price

    JANE HOFFMAN
     Section Image
  • Tony Esposito Real Estate Agent - RE/MAX Aspire

    Tony Esposito

    RE/MAX Aspire

    (215) 544-3379

    277 Total Sales

    1 in Magnolia

    $275,000 Price

    Tony Esposito
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$343,750 None Listed On Document
$220,500 Surety Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $346,000 -0.9% --
03/05/2021 03/05/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $349,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,755 $256,800 $52,500 $204,300
2025 $12,755 $256,800 $52,500 $204,300
2024 $12,029 $256,800 $52,500 $204,300
2023 $12,029 $256,800 $52,500 $204,300
2022 $11,715 $256,800 $52,500 $204,300
2021 $11,602 $256,800 $52,500 $204,300
2020 $11,381 $256,800 $52,500 $204,300
2019 $11,166 $256,800 $52,500 $204,300
2018 $10,940 $256,800 $52,500 $204,300
2017 $10,621 $256,800 $52,500 $204,300
2016 $10,323 $256,800 $52,500 $204,300
2015 $9,966 $256,800 $52,500 $204,300
2014 $9,825 $256,800 $52,500 $204,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rachael Han-Ong

    Keller Williams Realty - Cherry Hill

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Map

Source: Bright MLS

MLS Number: NJCD413410

Bright MLS

APN: 23-00001-03-00011

New Jersey Camden County Magnolia 08049

308 W Evesham Ave, Magnolia, NJ

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