Egg Harbor City, NJ 08215,301 BUFFALO AVE

$280,000

Est. payment /mo

$300,000

6.7%
Est.Price: ?

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301 BUFFALO AVE Egg Harbor City, NJ 08215

2,052 SqFt

SOLD DATE : 02/16/2021

Key Details

Sold Price $280,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,052 sqft

Price per Sqft $136

MLS Listing ID NJAC115002

Sold Date 02/16/21

Style Colonial

HOA Y/N N

Abv Grd Liv Area 2,052

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $8,349

Tax Year 2020

Lot Size 7,350 Sqft

Acres 0.17

Lot Dimensions 49.00 x 150.00

Property Description

Excellent investment opportunity in quiet neighborhood on large corner lot with great rental history. This four unit complex has all one bedroom units with plenty of upside, open floor plans and tenants with great history at the property. All units are fully occupied with similar layouts and many upgrades throughout. The building is around 2400 sq. ft. with newer gas boilers for each unit, all new electrical wiring throughout the building, individually metered , new on demand hot water heater (energy efficient). Large rear yard, fire escape for upstairs tenants, up to code with inspections etc.. The building throws off a great return with a cap rate over 8.29 % with the current market rents and has upside to be much more. Coin operated laundry facility for extra income, call or email for more information and tours. See documents for Income & Expense

Location

State NJ

County Atlantic

Area Egg Harbor City (20107)

Zoning R-6

Rooms

Basement Full

Interior

Hot Water Electric

Heating Hot Water & Baseboard - Electric

Cooling None

Heat Source Natural Gas Available, Electric

Exterior

Garage Spaces 4.0

Water Access N

Accessibility None

Total Parking Spaces 4

Garage N

Building

Sewer No Septic System

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Egg Harbor Township Public Schools

Others

Tax ID 07-00323-00029 02

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sidney Benstead • BHHS Fox & Roach-Marlton
Bought with Sharon L Denney-Wristbridge • BHHS Fox & Roach-Medford

Bobbi Farquhar

Advisor | License ID: 603292

+1(301) 752-3088

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