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1226 MAGNOLIA AVE Camden, NJ 08103
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Key Details
Sold Price $150,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,454 sqft
Price per Sqft $103
Subdivision Parkside
MLS Listing ID NJCD2075400
Sold Date 11/22/24
Style Straight Thru
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,454
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,883
Tax Year 2023
Lot Size 1,568 Sqft
Acres 0.04
Lot Dimensions 16.00 x 0.00
Property Description
Discover a prime CASH FLOWING INVESTMENT OPPORTUNITY! with "The Horn of Plenty" on Magnolia Ave , a tenant-occupied property generating steady income. This traditional brick townhouse, a staple of Camden’s Parkside historic charm, offers immediate landlord potential with an $800/month paying tenant whose lease is secure until December 31st, 2024.
Key Features:
Tenant Occupied: Enjoy immediate rental income from reliable tenants who consistently pay on time.
Recent Updates: New flooring, a modern hot water heater, furnace, and updated roof and gutters ensure minimal maintenance costs.
Spacious Layout: The home boasts 3 bedrooms and 1.5 bathrooms, offering ample space for tenants. The finished basement provides extra living or storage space.
Charming Interior: Warm, chestnut-like flooring and a cozy interior create an inviting atmosphere that tenants love.
Outdoor Space: A spacious backyard offers room for relaxation or further enhancement to increase property value.
Potential for Modernization: While the home is move-in ready, there’s still room for additional renovations to increase its appeal and rental value.
Perfect for investors looking to step into a stable rental market with a property that has both historical charm and modern comforts. Don't miss this chance to expand your portfolio with a property that promises both immediate returns and long-term value.
Essentially Estate Sale. Buyer's are responsible of obtaining CCO and Fire Certification from the City of Camden.
Location
State NJ
County Camden
Area Camden City (20408)
Zoning R-2
Rooms
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Laminated
Furnishings Yes
Fireplace N
Heat Source Natural Gas
Laundry Basement
Exterior
Water Access N
Roof Type Flat
Accessibility Other
Garage N
Building
Story 2
Foundation Brick/Mortar
Sewer No Septic System
Water Public
Architectural Style Straight Thru
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Camden City Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 08-01271-00099
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description No Pet Restrictions
Read Less
Bought with Judith Younger • Adhere Real Estate Services, LLC
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