16 Mcclelland Avenue

    Pitman, NJ 08071
    • $305,000
    • STATUS: Active
    • ON SITE: 309 days
    • ID#: 7066702
    Price Reduced
    $305,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,180
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Information

    Middle School:
    High School:
    School District:
    Listing courtesy of Weichert Realtors-Mullica Hill.

    Description

    Here is an Excellent Opportunity to own a very well maintained turn key Investment Property in one of South Jersey's newly developing Downtown Area! Broadway Theatre, 2 Craft Breweries, Bakeries and Restaurants make this a local attraction that is all within walking distance. Many other shops and public transportation too!. This Building consists of 4 One Bedroom Apartments and an attached 2 Car Garage. The total available income is $47,400 with Expenses of $13,616. This leaves you with a Net Return of over $33,000 per year. That is an awesome return and guess what the building is ready to go with everything being maintained whenever necessary. Each Unit has separate Electric Meters that even includes their Washer/Dryer Hookups and Storage Cage in the basement. That's right each unit has a separate storage area in the basement that allows them to lock up bikes, seasonal decorations or whatever they need. Every unit also has a separate Laundry Hookup in the basement so that they do not have to seek an outside laundromat. The plumbing has all been updated with Pex Lines that run to each fixture. Off Street Parking is also available for the tenants use. The owner has all of the required documentation including State of NJ 5 Year Inspection Certificate, Annual Pitman Inspection, Fully Wired Basement Fire Alarm System with Monitoring (Required), Knox Box for Fire Department Access (Required). If you are looking for an investment that is ready to go opportunity is knocking!

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    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-15T23:56:14.46.
    www.scottkompa.com/homes/77454152

    16 Mcclelland Avenue Pitman, NJ 08071

    • Price: $305,000
    • Status: Active
    • ID#: 7066702
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,180
    SQFT
    $140
    $/SQFT
    1931
    Built
    Neighborhood:
    None
    County:
    Gloucester
    Area:
    Pitman Boro (20815)
    Middle School:
    Pitman M.S.
    High School:
    Pitman H.S.
    School District:
    Pitman
    Property Description
    Here is an Excellent Opportunity to own a very well maintained turn key Investment Property in one of South Jersey's newly developing Downtown Area! Broadway Theatre, 2 Craft Breweries, Bakeries and Restaurants make this a local attraction that is all within walking distance. Many other shops and public transportation too!. This Building consists of 4 One Bedroom Apartments and an attached 2 Car Garage. The total available income is $47,400 with Expenses of $13,616. This leaves you with a Net Return of over $33,000 per year. That is an awesome return and guess what the building is ready to go with everything being maintained whenever necessary. Each Unit has separate Electric Meters that even includes their Washer/Dryer Hookups and Storage Cage in the basement. That's right each unit has a separate storage area in the basement that allows them to lock up bikes, seasonal decorations or whatever they need. Every unit also has a separate Laundry Hookup in the basement so that they do not have to seek an outside laundromat. The plumbing has all been updated with Pex Lines that run to each fixture. Off Street Parking is also available for the tenants use. The owner has all of the required documentation including State of NJ 5 Year Inspection Certificate, Annual Pitman Inspection, Fully Wired Basement Fire Alarm System with Monitoring (Required), Knox Box for Fire Department Access (Required). If you are looking for an investment that is ready to go opportunity is knocking!
    Exterior Features

    Design Quadplex Exterior StuccoOther Exterior Features SidewalksStreet Lights Foundation Blckbrck Garage Yes Garage Spaces Two Car Garage Garage Type Attached Lot Dimensions 82X87 Parking 4-Carparking Roof Flat Roof Storage Basement Water Front No

    Interior Features

    Basement Yes Basement Type FullUnfinishedOe/Wkoutbsmt Central Air No Cooling Wall Unit Handicap None Heating GasHot WaterBaseboard Hot Water Natural Gas Interior Features Cabletvavail Interior Square Feet Source Assessor Laundry Type Hookup Laundry One Bedroom Units 4 Unit Five Baths 0 Unit Five Bedrooms 0 Unit Five Partial Baths 0 Unit Four Baths 1 Unit Four Bedrooms 1 Unit Four Partial Baths 0 Unit Four Rooms 3 Unit One Baths 1 Unit One Bedrooms 1 Unit One Partial Baths 0 Unit One Rooms 4 Unit Three Baths 1 Unit Three Bedrooms 1 Unit Three Partial Baths 0 Unit Three Rooms 4 Unit Two Baths 1 Unit Two Bedrooms 1 Unit Two Partial Baths 0 Unit Two Rooms 4

    Property Features

    Annual Electric Expense 180.0 Annual Gross Expense 13616.0 Annual Gross Income 47400.0 Annual Heating Expense 1300.0 Annual Insurance Expense 1124.0 Annual Other Expense 1656.0 Annual Water Sewer Expense 1200.0 Cross Street Broadway Current Financing Conventional Electric Service 200-300Ampel Lot Number 00019 New Construction No Property Condition Average+Prop Sewer Septic Public Sewer Tax Year 2017 Total Assessment 194200.0 Total Taxes 8156.0 Type Singlebldg Unit Five Lease End Garage Available Unit Five Monthly Rent 200.0 Unit Five Occupied No Unit Four Lease End 1 YEAR Unit Four Monthly Rent 950.0 Unit Four Occupied Yes Unit One Lease End 1 YEAR Unit One Monthly Rent 950.0 Unit One Occupied Yes Unit Three Lease End 1 YEAR Unit Three Monthly Rent 950.0 Unit Three Occupied Yes Unit Two Lease End 1 YEAR Unit Two Monthly Rent 900.0 Unit Two Occupied Yes Water Public Zoning Code Multi



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-15T23:56:14.46.
     
    Remax Preferred | Scott Kompa Group
    408 Swedesboro Rd
    Mullica Hill NJ, 08062
    Listing courtesy of Weichert Realtors-Mullica Hill.