NOT LISTED FOR SALE

Estimated Value: $354,000 - $441,000

-- Bed
-- Bath
2,256 Sq Ft
$185/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $360,000 $160 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,007/month

3 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • Porch
  • Wood Flooring
  • Attic
  • Forced Air Heating System

About This Home

As of December 2021

CALLING ALL INVESTORS! MONEY-MAKING TRIPLEX WITH A 10%+ CAP RATE! Welcome To 3517 Union Ave! The Property Is In A GREAT LOCATION And Is FULLY RENTED UNITL NOVEMBER OF 2022, COLLECTING $3,590 A MONTH With ALL UTILITIES PAID BY TENANTS! Each Unit Has Its OWN WASHER & DRYER, Hot Water Heater, Heater and Separate Utilities! The Property Has Been Well Maintained With $45,000+ in IMPROVEMENTS! List Of Improvements Available Upon Request. Unit 1 (Apt 1) Rents For $1,180 and is a One Bedroom, One Bathroom Apartment With A Generous Sized Living Area. Step Down From the Kitchen Into The Laundry Room With A Full Size Washer & Dryer Which Also Leads To The Backyard. Unit 2 (Apt 2) Rents For $1,030 and Is A One Bedroom, One Bathroom Studio Style Apartment. Stepping Out From The Kitchen You Have A Private Deck Which Steps Down Into The Backyard. Unit 2 Also Offers A Full Size Washer & Dryer In The Basement. Unit 3 (Apt 3) Rents For $1,330 and Is A Two Bedroom, One Bathroom Apartment With Ample Space For Entertaining. Unit 3 Also Offers A Full Washer & Dryer In The Unit, As Well As Access To The Walk Up Attic . The Good Sized Attic is Perfect For All Your Storage Needs And Would Make For A Great Master Suit! The Property Offers Ample Parking, Outside Entertaining And A Beautiful Porch To Relax On. Close To Major Highways, Shopping Malls, Restaurants, Public Transportation and Bridges To PA! This Multi Unit CASH COW Is Ready For Its New Owners! Inside Photos Were Taken Prior To The Units Being Rented One Year Ago. MAKE YOUR APPOINTMENT TODAY!

Last Agent to Sell the Property

Chris Branin

Real Broker, LLC License #2184360 Listed on: 11/05/2021

Real Broker, LLC

Last Buyer's Agent

Chris Branin

Real Broker, LLC License #2184360 Listed on: 11/05/2021

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,521

Year Built

  • Built in 1852

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 100.00 x 117.00
  • Property is in very good condition

Home Design

  • Triplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Pitched Roof

Interior Spaces

  • 2,256 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Parking

  • Private Parking
  • Gravel Driveway
  • Shared Driveway
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • Income includes apartment rentals
  • Operating Expense $9,783
  • Gross Income $43,080
  • Net Operating Income $33,297

Listing and Financial Details

  • Tax Lot 00010
  • Assessor Parcel Number 27-03903-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,521

Year Built

Built in 1852

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Tenants Belongings
  • Inclusions: Refrigerators, Washers and Dryers With Each Unit In As Is Condition
  • New Construction: No
  • Expected On Market: 2021-11-05
  • Year Built: 1852
  • Automatically Close On Close Date: No
  • Remarks Public: CALLING ALL INVESTORS! MONEY-MAKING TRIPLEX WITH A 10%+ CAP RATE! Welcome To 3517 Union Ave! The Property Is In A GREAT LOCATION And Is FULLY RENTED UNITL NOVEMBER OF 2022, COLLECTING $3,590 A MONTH With ALL UTILITIES PAID BY TENANTS! Each Unit Has Its OWN WASHER & DRYER, Hot Water Heater, Heater and Separate Utilities! The Property Has Been Well Maintained With $45,000+ in IMPROVEMENTS! List Of Improvements Available Upon Request. Unit 1 (Apt 1) Rents For $1,180 and is a One Bedroom, One Bathroom Apartment With A Generous Sized Living Area. Step Down From the Kitchen Into The Laundry Room With A Full Size Washer & Dryer Which Also Leads To The Backyard. Unit 2 (Apt 2) Rents For $1,030 and Is A One Bedroom, One Bathroom Studio Style Apartment. Stepping Out From The Kitchen You Have A Private Deck Which Steps Down Into The Backyard. Unit 2 Also Offers A Full Size Washer & Dryer In The Basement. Unit 3 (Apt 3) Rents For $1,330 and Is A Two Bedroom, One Bathroom Apartment With Ample Space For Entertaining. Unit 3 Also Offers A Full Washer & Dryer In The Unit, As Well As Access To The Walk Up Attic . The Good Sized Attic is Perfect For All Your Storage Needs And Would Make For A Great Master Suit! The Property Offers Ample Parking, Outside Entertaining And A Beautiful Porch To Relax On. Close To Major Highways, Shopping Malls, Restaurants, Public Transportation and Bridges To PA! This Multi Unit CASH COW Is Ready For Its New Owners! Inside Photos Were Taken Prior To The Units Being Rented One Year Ago. MAKE YOUR APPOINTMENT TODAY!
  • Special Features: None

Interior Features

  • Flooring Type: Ceramic Tile, Carpet, Hardwood, Laminate Plank
  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2256
  • Living Area Sq Ft: 2256
  • Price Per Sq Ft: 159.57
  • Above Grade Finished Sq Ft: 2256
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3517

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway, Shared Driveway, Unassigned, Private
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396992
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 175300.00
  • Land Assessed Value: 39700.00
  • Lot Size Acres: 0.27
  • Lot Dimensions: 100.00 x 117.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11700.00
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Total Actual Rent: 43080.00
  • Units Leased Count: 3
  • Vacation Rental: No

Multi Family

  • Gross Scheduled Income: 43080.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 9783.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1910159
  • Tax Annual Amount: 8521.00
  • Assessor Parcel Number: 27-03903-00010
  • Tax Lot: 00010
  • Tax Total Finished Sq Ft: 2256
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 12/16/2021

MLS Schools

  • School District Name: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 16, 2021
Sold by
Kron Simmons
Bought by
Lerner Chavy
Seller's Agent
Chris Branin
Real Broker, LLC
Buyer's Agent
Chris Branin
Real Broker, LLC
List Price
$327,500
Sold Price
$360,000
Premium/Discount to List
$32,500
9.92%
Current Estimated Value
$408,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,801
Avg. Annual Appreciation
3.66%
Original Mortgage
$217,500
Outstanding Balance
$201,120
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$209,794

Purchase Details

Listed on
Jun 29, 2020
Closed on
Aug 22, 2020
Sold by
Carriage House Properties Llc
Bought by
Simmons K Ron
Seller's Agent
Christine Dash
Keller Williams Realty - Moorestown
Buyer's Agent
Joseph McCabe
RE/MAX Affiliates
List Price
$265,000
Sold Price
$272,000
Premium/Discount to List
$7,000
2.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.48%
Original Mortgage
$249,084
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2009
Sold by
Zawrotny Carolyn and Zawrotny Family Trust
Bought by
Carriage House Properties Llc

Purchase Details

Closed on
Sep 21, 2001
Sold by
Everlast Enterprises Inc
Bought by
Davis Bruce K and Anderson Sharese J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,759
Interest Rate
6.93%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Lerner Chavy $360,000 Universal Title
Simmons K Ron $272,000 National Integrity Llc
Carriage House Properties Llc -- --
Davis Bruce K $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lerner Chavy $94,300
Open Lerner Chavy $217,500
Previous Owner Simmons K Ron $249,084
Previous Owner Davis Bruce K $142,759
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $360,000 0.0% $160 / Sq Ft
11/16/2021 11/16/21 Price Changed $360,000 +9.9% $160 / Sq Ft
11/05/2021 11/05/21 For Sale $327,500 +20.4% $145 / Sq Ft
09/03/2020 09/03/20 Sold $272,000 +2.6% $121 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $265,000 -- $117 / 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 $9,357 $457,100 $64,600 $392,500
2024 $9,176 $215,000 $39,700 $175,300
2023 $9,176 $215,000 $39,700 $175,300
2022 $8,297 $215,000 $39,700 $175,300
2021 $6,460 $163,000 $39,700 $123,300
2020 $5,787 $163,000 $39,700 $123,300
2019 $5,853 $163,000 $39,700 $123,300
2018 $5,884 $163,000 $39,700 $123,300
2017 $5,896 $163,000 $39,700 $123,300
2016 $5,790 $163,000 $39,700 $123,300
2015 $5,963 $163,000 $39,700 $123,300
2014 $5,579 $100,300 $31,900 $68,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2009542

Bright MLS

APN: 27-03903-0000-00010