BANK OWNED! Investment property with huge potential. Asset being managed by Professional Property Management & Maintenance Company since Oct 2016. Building now under control after foreclosure and ready for an As-Is sale. 7 total units total with three stable occupied units on new leases signed and the other four units cleared and empty for rehab. Rents are estimated except for Units 1,3 and 4. Property is under some construction for mechanicals and exterior maintenance. Common water for the building with separate electric meters, water heaters and furnaces for each units. Entire building inspected and being maintained. Buyer will be responsible for all the inspection and certifications for purchase. Tons of business potential for this property. Keep the existing management company for turn-key investment. All expenses are estimated.
Multi-familyProperty Type
1910Year Built
6,909 sq ftLot Size
$96Est. Price/Sq.Ft.
Listed by Dave Gorham• Realty Solutions LLC
•856-547-7447 (broker)
•info@njrealtysolutions.com (broker)
Listed by Andy Gleaner• Realty Solutions LLC
•856-547-7447 (broker)
•info@njrealtysolutions.com (broker)
Bought with Monique Mazur-Hoffman• Realty Solutions LLC
Investment property that offers 7 units in all. 6 units are occupied plus a first floor office set up that is occupied as well. Tenants pay Gas & Electric. Owner pays water/sewer. Nice condition with many improvements made in the last 5 years. State inspected and ready to go.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
47 ft.
Lot depth
147 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Burlington County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
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Garage
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Features
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Last updated by owner on Apr 11, 2023.
Property details
Parking
Parking Information
Street
On Street
Interior
Room Information
Master Bedroom
Basement Information
Basement: Yes
Partial, Unfinished
Exterior
Property Information
Improvement Assessed Value: $157,700
Insurance Expense: $3,000
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
Construction Materials: Aluminum Siding
Foundation Details: Concrete Perimeter, Brick/Mortar
Other Structures: Above Grade
Roof: Flat, Pitched, Shingle
Structure Type: Detached
Exterior Information
Sidewalks, Street Lights
Lot Information
Lot Size Dimensions: 47X147
Tidal Water: No
Land Information
Land Assessed Value: $27,000
Above Grade Information
Finished Sq.Ft.: 4,704
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
Tax Assessed Value: $184,700
Tax Year: 2016
Tax Annual Amount: $8,199
Utilities
Utilities Information
Electric Expense: $500
60 Amp Service, 100 Amp Service
Gas, Hot Water
Heating Fuel: Natural Gas
Annual Heating Expense: $500
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Sewer Expense: $3,752
Water Source: Public
Location
Multi Unit Information
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
Gross Income: $49,560
Annual Gross Expense: $19,951
Other Expense: 500.00
Homeowners Association Information
Maintenance Expense: $3,500
School Information
Middle Or Junior School: CHARLES STREET SCHOOL
High School: PALMYRA
School District Name: PALMYRA BOROUGH PUBLIC SCHOOLS
Location Information
Cross Street: CHURCH
Directions: Burlington Pike Rt 130 to Cooper Street into Beverly. Travel down Cooper to intersection of Church. PIQ on right side corner
Municipality: BEVERLY CITY
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Burlington County
APN: —
Home facts updated by county records on Apr 11, 2023
Around this home
Schools
Beverly School
Public PreK-8 • Assigned • 0.4mi
4/10
Palmyra High School
Public 9-12 • Assigned • 7.2mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Beverly, NJ • 08010
Average low and high temperatures (°F)
36
24
41
26
59
38
66
46
73
55
84
65
88
70
81
63
79
62
69
49
57
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$428,000 – $518,000
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