NOT LISTED FOR SALE

48 W Atlantic Ave Audubon, NJ 08106

-- Bed
-- Bath
-- Sq Ft
995 Sq Ft Lot

Last Sold September 18, 2024

Last sale price $338,000

7 Days on Market

About This Home

As of September 2024

Welcome to 48 W. Atlantic Ave, Audubon, NJ, a charming duplex situated in the heart of the town. This property boasts exceptionally low property taxes of just $3,707 annually, making it a standout investment opportunity. Located right off Merchant St, this duplex offers unparalleled convenience with ample parking available in the public lot adjacent to the home. Both units are currently occupied, generating a strong cash flow of $2,400 per month, ensuring a steady and reliable income stream. Each unit features one bedroom and one bathroom, with the first-floor unit having undergone renovations three years ago, including new cabinets, an updated bathroom, and new flooring throughout. The property's prime location allows residents to enjoy the small-town feel while being within walking distance of local shops, restaurants, and community amenities. With its modern updates, stable income, and incredibly low taxes, this duplex is an ideal investment for expanding your portfolio. Both units are currently rented. The lower unit lease is until September 2026. The second-floor lease is until June 30, 2025. The owner is honoring the lease agreements in place.

Last Agent to Sell the Property

Suzanne Hoover

(856) 938-4205 hooversellshomes@gmail.com Compass New Jersey, LLC - Haddon Township License #903552 Listed on: 08/08/2024

Compass New Jersey, LLC - Haddon Township

Last Buyer's Agent

Jenna Whitney

(813) 482-5792 jenna@jrreteam.com KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,183

Year Built

  • Built in 1955

Lot Details

  • 995 Sq Ft Lot
  • Lot Dimensions are 16.58 x 60.00

Home Design

  • Duplex
  • Block Foundation
  • Aluminum Siding

Kitchen

  • Gas Oven or Range
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Public Parking
  • On-Street Parking
  • Parking Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Dryer
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 00005 05
  • Assessor Parcel Number 01-00066-00005 05

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,183

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Tenants items.
  • Historic: No
  • Inclusions: All Fixtures
  • New Construction: No
  • Expected On Market: 2024-08-08
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Water Heater
  • Flooring Type: Wood, Fully Carpeted
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Public
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Parking Lot
  • Parking Lot Number Of Spaces: 4

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.58 x 60.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 995.00
  • Zoning: RES

Rental Info

  • Existing Lease Type: Long Term
  • Ground Rent Exists: No
  • Owner Pays: Water, Sewer
  • Total Actual Rent: 28800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 3183.00
  • Assessor Parcel Number: 01-00066-00005 05
  • Tax Lot: 00005 05
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

MLS Schools

  • School District Name: AUDUBON PUBLIC SCHOOLS

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2024 09/18/24 Sold $338,000 +0.9% --
08/16/2024 08/16/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $334,999 +91.4% --
05/21/2021 05/21/21 Sold $175,000 0.0% -- View Prior Sale
04/17/2021 04/17/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $175,000 +52.2% --
10/31/2017 10/31/17 Sold $115,000 +11.7% -- View Prior Sale
10/06/2017 10/06/17 Pending -- -- --
10/03/2017 10/03/17 For Sale $103,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2073542

Bright MLS