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Listed by Patrick M Gorman • Keller Williams - Main Street
$715,000
Est. payment /mo
10,498 SqFt
Active
617 NEWTON AVE Oaklyn, NJ 08107
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,498 sqft
Price per Sqft $68
MLS Listing ID NJCD2084936
Year Built 1935
Annual Tax Amount $15,411
Tax Year 2024
Lot Size 10,498 Sqft
Acres 0.24
Lot Dimensions 75.00 x 140.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating around 6k/mo in rental income with one vacant unit & room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents. The next proposed Group Showings (not an open house), will be Mon (8/18) @ 1p & Wed (8/27) @ 4p**
Location
State NJ
County Camden
Area Oaklyn Boro (20426)
Zoning RES
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Camden City Schools
Others
Tax ID 26-00053-00012
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
