20 W 2nd Ave Runnemede, NJ 08078
--
Bed
--
Bath
3,000
Sq Ft
7,200
Sq Ft Lot
About This Home
As of May 2024INCREDIBLE MULTIFAMILY OPPORTUNITY - x7 Fully Occupied 1 Bedroom/1 Bathroom Units!!! Overflowing with potential to add value by billing back utilities increasing to market rents. Seller passed New Jersey DCA hotel & multiple dwellings inspection less than a year ago! Cycles generally last 5 years, so the property should not require re-inspection for some time. Shared coin-operated laundry in basement & private parking with paved driveway! Unit 1 is currently being rented for $950/mo thru 3/31/25. Unit 2 is currently being rented for $771/mo on a month to month lease. Unit 3 is currently being rented for $975/mo thru 8/31/24. Unit 4 is currently being rented for $903/mo on a month to month lease. Unit 5 is currently being rented for $1,013/mo on a month to month lease. Unit 6 is currently being rented for $1,050/mo thru 2/28/25. Unit 7 is currently being rented for $880/mo thru 3/31/24. Schedule a tour TODAY - you won't want to miss this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,951
Year Built
- Built in 1930
Lot Details
- 7,200 Sq Ft Lot
Parking
- Driveway
Home Design
- 3,000 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
Schools
- Triton High School
Utilities
- Electric Baseboard Heater
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 30-00045-00010 01
Community Details
Overview
- 4 Units
- Runnemede Gardens Subdivision
Building Details
- Insurance Expense $2,500
- Maintenance Expense $2,000
- Operating Expense $22,683
- Net Operating Income $60,549
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2024 05/06/24 | Sold | $575,000 | +5.5% | $192 / Sq Ft |
| 04/19/2024 04/19/24 | Pending | -- | -- | -- |
| 04/16/2024 04/16/24 | Price Changed | $545,000 | +9.1% | $182 / Sq Ft |
| 03/26/2024 03/26/24 | For Sale | $499,500 | -- | $167 / Sq Ft |
Source: Bright MLS
About the Listing Agent
When you work with Patrick, you will receive a knowledgeable and professional real estate agent, a committed ally to negotiate on your behalf, the systems in place to streamline buying or selling your home, and the backing of the #1 Real Estate company in America, Keller Williams Realty.
Patrick's Other Listings
Source: Bright MLS
MLS Number: NJCD2064862
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