NOT LISTED FOR SALE

627 N White Horse Pike Somerdale, NJ 08083

-- Bed
-- Bath
-- Sq Ft
1,699 Sq Ft Lot

Last Sold December 06, 2022

Last sale price $254,000

15 Days on Market

Highlights

  • Contemporary Architecture
  • 90% Forced Air Heating and Cooling System
  • Property is in very good condition
  • Wood Flooring
  • Combination Kitchen and Dining Room
  • Open Lot

About This Home

As of December 2022

Excellence investment opportunities to own this positive cash flow duplex at 627 N. Whitehorse pike. 1st floor features, spacious Livingroom, kitchen, large bedroom and full bathroom, hardwood flooring and access to the basement for extras storage, currently rented from a long-term tenant. The 2nd unit on the upper floor is currently vacant, waiting for new tenant or new owner can live in this unit. Spacious sunny filled kitchen combined with Livingroom, 2 large bedrooms with closet space and full bathroom. Both units were updated few years ago, with central AC/Heat and hardwood flooring throughout. There are two parking space in the back. Both units can bring a cash flow of about $33,600 per year and over 10% cap rate. Make your appointment Today to see why this is great investment.

Last Agent to Sell the Property

Andrew Cheng

Keller Williams Realty - Cherry Hill Listed on: 10/03/2022

Keller Williams Realty - Cherry Hill

Last Buyer's Agent

Patryk Krajewski

RE/MAX 1st Advantage

RE/MAX 1st Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,383

Year Built

  • Built in 1950

Lot Details

  • 1,699 Sq Ft Lot
  • Lot Dimensions are 17.00 x 100.00
  • Open Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Free Parking
  • Lighted Parking
  • Paved Parking
  • Parking Lot

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for air conditioning, all utilities
  • Tax Lot 00003
  • Assessor Parcel Number 31-00010-00003

Community Details

Overview

  • 2 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Operating Expense $6,300
  • Gross Income $33,600
  • Net Operating Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,383

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Remarks Public: Excellence investment opportunities to own this positive cash flow duplex at 627 N. Whitehorse pike. 1st floor features, spacious Livingroom, kitchen, large bedroom and full bathroom, hardwood flooring and access to the basement for extras storage, currently rented from a long-term tenant. The 2nd unit on the upper floor is currently vacant, waiting for new tenant or new owner can live in this unit. Spacious sunny filled kitchen combined with Livingroom, 2 large bedrooms with closet space and full bathroom. Both units were updated few years ago, with central AC/Heat and hardwood flooring throughout. There are two parking space in the back. Both units can bring a cash flow of about $33,600 per year and over 10% cap rate. Make your appointment Today to see why this is great investment.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Interior Amenities: Combination Kitchen/Dining
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 627

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway, Free, Lighted Parking, Paved Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: STERLING HIGH
  • School District Key: 300200396990
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 59200.00
  • Land Assessed Value: 17900.00
  • Lot Features: Open
  • Lot Size Acres: 0.04
  • Lot Dimensions: 17.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1699.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: DUPLEX

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Owner Pays: Air Conditioning, All Utilities
  • Rent Control: No
  • Total Actual Rent: 33600.00
  • Units Furnished: All
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6300.00
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 1922680
  • Tax Annual Amount: 3383.00
  • Assessor Parcel Number: 31-00010-00003
  • Tax Lot: 00003
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/06/2022

MLS Schools

  • School District Name: STERLING HIGH

Range of Values:

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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 Change Sq Ft Price
12/06/2022 12/06/22 Sold $254,000 +1.6% --
10/18/2022 10/18/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $250,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Cheng

    Seller's Agent in 2022

    Andrew Cheng

    Keller Williams Realty - Cherry Hill

    (267) 506-7100

    2 in this area

    129 Total Sales

    Section Image
  • Patryk Krajewski

    Buyer's Agent in 2022

    Patryk Krajewski

    RE/MAX

    (908) 416-5412

    1 in this area

    120 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJCD2036080

Bright MLS

New Jersey Camden County Somerdale 08049

627 N White Horse Pike, Somerdale, NJ

This home is located at 627 N White Horse Pike, Somerdale, NJ 08083 since 03 October 2022. This property was built in 1950. 627 N White Horse Pike is a home located in Camden County with nearby schools including Somerdale Park School and Sterling High School.

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