Westmont, NJ 08108,12 HADDON AVE
Westmont, NJ 08108,12 HADDON AVE
Westmont, NJ 08108,12 HADDON AVE
Westmont, NJ 08108,12 HADDON AVE
Westmont, NJ 08108,12 HADDON AVE
Westmont, NJ 08108,12 HADDON AVE
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$375,000

$375,000

Est.Price: ?

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Est. payment /mo

2,052 SqFt


SOLD DATE : 05/09/2023

Key Details

Sold Price $375,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,052 sqft

Price per Sqft $182

Subdivision Westmont

MLS Listing ID NJCD2043826

Sold Date 05/09/23

Style Colonial

Abv Grd Liv Area 2,052

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $6,842

Tax Year 2022

Lot Size 2,701 Sqft

Acres 0.06

Lot Dimensions 18.00 x 150.00

Property Description

FULLY LEASED!!! Excellent INVESTOR OPPORTUNITY on Haddon Ave. in the popular Westmont District! This 2-Story mixed-use Building has approx. 2052 sq. ft of rentable space, plus a Basement. Both units are LEASED for a combined rental income of $2,705/mo. Both Tenants pay their own Heat and Electric. This Mixed-Use Building consists of 1st Floor Commercial Space and a 2nd Floor Residential 2BR Apartment. There are Front and Rear Entrances for both units. Access to the rear is via an alleyway off of French Ave. There are 2 parking spots in the back being used by the 2nd Floor Apartment. The 1st Floor Commercial space has been leased by the same Tenant since 2017. The Current Rent is $1,275/mo. thru March 2024, then increases to $1,300/mo. thru March 2025. The Tenant pays own Heat and Electric. The large Front Room (approx. 33x17) is being used as the showroom space. The Back Room (17x16) is being used for inventory storage, plus has a Powder Room. The Tenant also has access to the Basement for additional Storage. The 1st Floor is serviced by a newer Mini-Split system for Heat and Air Conditioning. The 2nd Floor 2 Bedroom Apartment is currently leased thru Sept. 30, 2024 @ $1,430/mo. Tenant pays Heat and Electric. A stackable Washer/Dryer and Refrigerator are included for Tenant's use. The apartment has a large open concept Living Room/Dining Room, Kitchen with Door out to the rear NEW Deck/Stairs, 2 Bedrooms and one Bathroom. The 2nd Floor is serviced by Oil Radiator Heat. The Window A/C units belong to the Tenant. The Landlord pays the Water, Sewer, CCMUA and the PSEG service for the Hot Water Heater and some exterior common lighting. OTHER NOTABLES include: NEW Roof 2022, NEW Deck/Stairs in the back 2022, 1st Floor Mini-Split System about 3 years old, Gas Hot Water Heater about 5 years old, Separate Electric Meters for each Unit, Newer above-ground Oil Tank in the Basement (to replace the previous above ground Tank which has been disposed of). Due to the mixed-use Zoning, Commercial Financing will be needed. Plan accordingly. (Also listed in COMMERCIAL Category MLS #NJCD2043818)

Location

State NJ

County Camden

Area Haddon Twp (20416)

Zoning COMMERCIAL

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Radiator, Zoned, Other

Cooling Ductless/Mini-Split, Window Unit(s)

Heat Source Oil, Electric, Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Haddon Township Public Schools

Others

Tax ID 16-00020 16-00019

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Other

Listing Terms Other

Financing Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Teresa M McKenna • EXP Realty, LLC
Bought with Yun S Lu • RealtyMark Properties
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