Lucky you! This property of 4 individual units is back on market! Let's talk about how you can make it yours. They are subdivided so your option is all four, or one twin, either way your win! Investors! Here's the golden opportunity you've been searching for! All four units are tenant occupied, making this a great return on investment. Each unit boast main floor living room, dining room & kitchen with egress to rear fenced in yard. 2 bedrooms, 1 bathroom on 2nd floor. Basement with crawl space for storage. Newer flooring and paint maintained in units. Tax & assessment information is based on 1 unit, not a culmination of the 4 units inclusive. Showing time is Saturdays 12-3p by appt. only, for pre-qualified or cash buyers. Time is of the essence, so as always, in my Beyonce' singing voice. .. If you like it, then ya betta put an offer on it!
Multi-familyProperty Type
1980Year Built
$444Est. Price/Sq.Ft.
Listed by Sherry Ellis• Weichert Realtors - Moorestown
•856-235-1950 (broker)
•fcawley@weichertrealtors.net (broker)
Bought with Non Member NON MEMBER• Non Subscribing Office
Great Return On Investment On This Quadplex. All Existing Tenants Are Long-Term. Unit #197 Will Be Recarpeted & Painted + New Tenant.
BRIGHT MLS #NJBL180112
Jan 16, 2003
Sold
$170,000
$169/sq ft
Sep 20, 2002
Listing Removed
—
Sep 18, 2002
Listed
$170,000
$169/sq ft
Most Unique! There are four townhomes all on separate deeds but attached as a quadplex. Tenants pay for water, elec & heat so you have minimum landlord overhead. Cap rate is 14% wow! And cash on cash is 36% with 20% down!! And most of the Tenant's are very long term. This is a turn key money machine and the rents can be raised.
Year
Property tax
Land + Additions
Assessment*
2025
$3,024 (+6.6%)
$21,000 + $59,800
$80,800
2024
$2,837 (+4.6%)
$21,000 + $59,800
$80,800
2023
$2,712 (+3.6%)
$21,000 + $59,800
$80,800
2022
$2,616 (+1.7%)
$21,000 + $59,800
$80,800
2021
$2,573 (+4.1%)
$21,000 + $59,800
$80,800
2020
$2,473 (+2.3%)
$21,000 + $59,800
$80,800
2019
$2,418 (+1.8%)
$21,000 + $59,800
$80,800
2018
$2,375 (+2.7%)
$21,000 + $59,800
$80,800
2017
$2,313 (+2.4%)
$21,000 + $59,800
$80,800
2016
$2,259 (+6.1%)
$21,000 + $59,800
$80,800
2014
$2,130 (+1.4%)
$21,000 + $59,800
$80,800
2013
$2,101 (+1.6%)
$21,000 + $59,800
$80,800
2012
$2,067 (+1.9%)
$21,000 + $59,800
$80,800
2011
$2,029 (+15.3%)
$21,000 + $59,800
$80,800
2010
$1,760
$21,000 + $59,800
$80,800
2009
$1,761
$7,500 + $27,300
$34,800
Tax history for 191-197 Rancocas Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,024 (+6.6%)
$21,000 + $59,800
$80,800
2024
$2,837 (+4.6%)
$21,000 + $59,800
$80,800
2023
$2,712 (+3.6%)
$21,000 + $59,800
$80,800
2022
$2,616 (+1.7%)
$21,000 + $59,800
$80,800
2021
$2,573 (+4.1%)
$21,000 + $59,800
$80,800
2020
$2,473 (+2.3%)
$21,000 + $59,800
$80,800
2019
$2,418 (+1.8%)
$21,000 + $59,800
$80,800
2018
$2,375 (+2.7%)
$21,000 + $59,800
$80,800
2017
$2,313 (+2.4%)
$21,000 + $59,800
$80,800
2016
$2,259 (+6.1%)
$21,000 + $59,800
$80,800
2014
$2,130 (+1.4%)
$21,000 + $59,800
$80,800
2013
$2,101 (+1.6%)
$21,000 + $59,800
$80,800
2012
$2,067 (+1.9%)
$21,000 + $59,800
$80,800
2011
$2,029 (+15.3%)
$21,000 + $59,800
$80,800
2010
$1,760
$21,000 + $59,800
$80,800
2009
$1,761
$7,500 + $27,300
$34,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.