$122,500
$129,900
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1,616 SqFt
SOLD DATE : 06/17/2022
Key Details
Sold Price $122,500
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,616 sqft
Price per Sqft $75
MLS Listing ID NJCD2021610
Sold Date 06/17/22
Style Other
Abv Grd Liv Area 1,616
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $3,423
Tax Year 2020
Lot Size 1,999 Sqft
Acres 0.05
Lot Dimensions 100.00 x 20.00
Property Description
INVESTOR OPPORTUNITY Duplex in Gloucester City. Both units of this Duplex are currently Tenant occupied. Each unit is 1 Bedroom/1 Bathroom with a Living Room and Kitchen. Each Tenant pays own Heat, Gas and Electric. Each unit is metered separately. The Landlord pays the Water, Sewer and Property Taxes. There are 2 Heaters and 2 Hot Water Heaters (one for each unit). The 1st Floor Tenant has access to the Basement. There is a common portico-type entry shared by both Tenants. The private doors to their individual units are inside the front entry portico. The property is being sold in completely “as is condition” which is reflected in the List Price. The property does need a good deal of TLC and updating. The Seller will do no repairs. This is not for a timid investor, but for one prepared to do updating and renovation for future prospective tenants. As a result, the Seller is not entertaining any financed offers that would condition repairs be done to the property in order for the Buyer to obtain financing. The property is best suited for a Cash Buyer or an Investor using Commercial financing that would NOT require repairs prior to closing. Both Tenants are paying below market rent prices. With future renovation, the rent prices could easily be increased for new prospective tenants. Floor plans are attached to the listing and available to view. Showing days/times will be limited. Inquire with Listing Agent.
Location
State NJ
County Camden
Area Gloucester City (20414)
Zoning RES
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Gloucester City Schools
Others
Tax ID 14-00012-00015
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with William B Spinner • Real Broker, LLC
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REALTOR® | License ID: 1111154