509 Lumberton Rd Hainesport, NJ 08036
Estimated payment $3,908/month
Highlights
- Hot Property
- Colonial Architecture
- Radiator
- Rancocas Valley Regional High School Rated A-
- Level Entry For Accessibility
About This Home
Opportunity is knocking ..... Passive Income Special !!! This 4-unit dwelling is situated on a 1.14-acre lot in the tax-friendly municipality of Hainesport. This 4-plex consists of (1)3-bedroom unit, (1)2-bedroom unit, and (2) 1-bedroom units (one of which is a studio). Additionally, the property features a 3-bay detached garage, which can be leased separately, providing an additional steady stream of income. With some updating and remodeling, this 4-unit multi-family property lends itself to a very positive ROI. All units are presently occupied with the present leases in different stages of their lease term ( which are below the comparable market rate). NO SEPTIC SYSTEM- PUBLIC WATER and SEWER! The tenant is responsible for their utilities ( gas /electric) and insurance. The owner is responsible for water/sewer and maintenance of the grounds. Additionally, there is ample parking and a full basement. Home backs up to treed property line offering a spacious rear yard, a play area, picnic tables, etc. Property located Rt off of Route 38 and most convenient to shopping, eateries, and just minutes to Route 295. Opportunities like this don't present themselves often. DO THE MATH !!.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,849
Year Built
- Built in 1910
Parking
- Off-Street Parking
Home Design
- Quadruplex
- Colonial Architecture
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,996 Sq Ft Home
- Basement
- Exterior Basement Entry
Accessible Home Design
- Doors are 32 inches wide or more
- Level Entry For Accessibility
Schools
- Rancocas Valley Reg. High School
Utilities
- Window Unit Cooling System
- Radiator
- Natural Gas Water Heater
Listing and Financial Details
- Coming Soon on 6/25/25
- Tax Lot 00005
- Assessor Parcel Number 16-00050 01-00005
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,561 | $257,000 | $97,500 | $159,500 |
| 2023 | $6,561 | $257,000 | $97,500 | $159,500 |
| 2022 | $6,438 | $257,000 | $97,500 | $159,500 |
| 2021 | $6,438 | $257,000 | $97,500 | $159,500 |
| 2020 | $6,374 | $257,000 | $97,500 | $159,500 |
| 2019 | $6,289 | $257,000 | $97,500 | $159,500 |
| 2018 | $6,109 | $257,000 | $97,500 | $159,500 |
| 2017 | $6,042 | $257,000 | $97,500 | $159,500 |
| 2016 | $5,911 | $257,000 | $97,500 | $159,500 |
| 2015 | $5,783 | $257,000 | $97,500 | $159,500 |
| 2014 | $5,466 | $257,000 | $97,500 | $159,500 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Ashlin Title Agency Inc | |
| Quit Claim Deed | -- | -- | |
| Bargain Sale Deed | $200,000 | Integrity Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $205,000 | New Conventional | |
| Closed | $196,000 | New Conventional | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $90,000 | Commercial |
Source: Bright MLS
MLS Number: NJBL2089394
APN: 16-00050-01-00005
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