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Under Contract

1226 MAGNOLIA AVE Camden, NJ 08103

3 Beds

2 Baths

1,454 SqFt

UPDATED:

10/17/2024 02:11 AM

Key Details

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,454 sqft

Price per Sqft $103

Subdivision Parkside

MLS Listing ID NJCD2075400

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

Inclusions Refrigerator, Oven, Stove, Tenant and Tenant personal property

Furnishings Yes

Fireplace N

Heat Source Natural Gas

Laundry Basement

Exterior

Waterfront N

Water Access N

Roof Type Flat

Accessibility Other

Parking Type Driveway, On Street

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

Listed by Joseph L Wanamaker • Keller Williams Realty - Moorestown

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1226 MAGNOLIA AVE Camden, NJ 08103

Key Details

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Rooms

Interior

Exterior

Building

Schools

Others

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1226 MAGNOLIA AVE