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Key Details
Sold Price $338,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD2073542
Sold Date 09/18/24
Style Other
Originating Board BRIGHT
Year Built 1955
Annual Tax Amount $3,183
Tax Year 2016
Lot Size 995 Sqft
Acres 0.02
Lot Dimensions 16.58 x 60.00
Property Description
Welcome to 48 W. Atlantic Ave, Audubon, NJ, a charming duplex situated in the heart of the town. This property boasts exceptionally low property taxes of just $3,707 annually, making it a standout investment opportunity. Located right off Merchant St, this duplex offers unparalleled convenience with ample parking available in the public lot adjacent to the home. Both units are currently occupied, generating a strong cash flow of $2,400 per month, ensuring a steady and reliable income stream. Each unit features one bedroom and one bathroom, with the first-floor unit having undergone renovations three years ago, including new cabinets, an updated bathroom, and new flooring throughout. The property's prime location allows residents to enjoy the small-town feel while being within walking distance of local shops, restaurants, and community amenities. With its modern updates, stable income, and incredibly low taxes, this duplex is an ideal investment for expanding your portfolio. Both units are currently rented. The lower unit lease is until September 2026. The second-floor lease is until June 30, 2025. The owner is honoring the lease agreements in place.
Location
State NJ
County Camden
Area Audubon Boro (20401)
Zoning RES
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Wall Unit
Flooring Wood, Fully Carpeted
Equipment Built-In Range, Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Water Heater
Fireplace N
Appliance Built-In Range, Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Water Heater
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Utilities Available Cable TV
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Parking Lot
Total Parking Spaces 4
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Audubon Public Schools
Others
Tax ID 01-00066-00005 05
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Jenna Lynn Whitney • Keller Williams Realty - Marlton
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "