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Moorestown,NJ 08057
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $341
MLS Listing ID NJBL2101246
Style Cape Cod
Year Built 1908
Available Date 2025-11-19
Annual Tax Amount $6,463
Tax Year 2024
Lot Size 8,712 Sqft
Property Sub-Type Detached
Property Description
$44,520 Gross Annual Income – Fully Leased- Turnkey Duplex! Prime Investment Opportunity in Moorestown! Welcome to this outstanding multi-unit property, perfectly positioned in highly sought after Moorestown. This well-maintained building offers two fully leased units, generating an incredible monthly income of $3,710. Currently occupied: 2 bedroom unit at $1,650/mo through 12/31/26; and 3 bedroom unit at $2,060/mo through 5/31/26 . This garden style single property offers a blend of modern amenities and classic charm, ensuring high tenant appeal and retention. Each unit is designed for comfort and convenience, featuring recently renovated kitchens with dishwasher and refrigerator included, as well as in-unit laundry facilities. Strategically located near public transportation, township public schools, shops and restaurants, this property ensures easy access for tenants. The off-street and driveway parking options further increase tenant satisfaction. Investors can expect strong returns in a competitive rental market, driven by the property's prime location and modern upgrades. Seize the opportunity to add this gem to your portfolio and watch your investment flourish! Property contains solar panels and buyer to assume solar panel contract. Cost is approximately $30/month.
Location
State NJ
County Burlington
Area Moorestown Twp (20322)
Zoning DUPLEX
Interior
Hot Water Natural Gas
Heating Heat Pump - Gas BackUp
Cooling Central A/C
Laundry Dryer In Unit,Washer In Unit
Exterior
Garage Spaces 2.0
Water Access N
Building
Lot Description Backs to Trees
Foundation Wood
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Moorestown Township Public Schools
Others
Special Listing Condition Standard