300 MONROE AVE Pending Save Request In-Person Tour Request Virtual Tour
Cherry Hill,NJ 08002
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,612 sqft
Price per Sqft $149
MLS Listing ID NJCD2074420
Style Colonial,Converted Dwelling
Year Built 1928
Annual Tax Amount $7,912
Tax Year 2023
Property Description
It?s time to QUIT RENTING and become the Landlord! Located in the desirable Cherry Hill neighborhood, minutes from the Mall on a quiet street, you can live in one 1/2 of this duplex home and rent out the other half and use the income to offset your mortgage payment. Unit A is a first floor unit and has 4 bedrooms, a living room, an eat-in kitchen, laundry area, (2) full baths and access to the full basement for storage. Unit B is an upstairs apartment and features a living room, kitchen, (2) bedrooms, (1) full bath unit with walk-up attic storage access. Unit A, which has a washer and dryer hookup can potentially be rented for $1,800.00 per month and Unit B (washer & dryer, stove, refrigerator ) last rented for $1,300.00. Tenants pay electric, gas and heat. Just imagine using either rental income to offset your overall mortgage payment. 2 car parking on the side of the home with ample of street parking in the front. Both units have separate electric, heat and water heaters. The roof is approx. 7 years old and the water heaters are less than 5 years old. Large, fenced backyard. That's right - home ownership is within your grasp and the FHA down payment requirement is only 3.5% of the purchase price! Best of all, the owner acknowledges that upgrades are needed to the kitchen and flooring and is open to negotiating a credit to the Buyer so that they can buy the cabinets, countertops and flooring of their choice!
Location
State NJ
County Camden
Area Cherry Hill Twp (20409)
Zoning RESIDENTIAL
Interior
Hot Water Electric,Natural Gas
Heating Baseboard - Electric,Hot Water
Cooling Window Unit(s)
Inclusions Appliances in both units owned by Seller
Exterior
Exterior Feature Deck(s)
Waterfront N
Water Access N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cherry Hill Township Public Schools
Others
Acceptable Financing Cash,Conventional,FHA 203(k)
Listing Terms Cash,Conventional,FHA 203(k)
Special Listing Condition Standard