14 Franklin St

Riverside, NJ 08075

$369,000
Last Sold Price
9
Beds
7
Baths
3,963 Sq. Ft.
$93 / Sq. Ft.
3,963
Sq. Ft.
$93
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 2/12/21
Closed 2/12/21

Description

Rare opportunity for a seven-plex cash flow machine. This property is conveniently located on a corner lot walking distance to the heart of historic Riverside Township and the light-rail station. The property offers ample parking int he rear of the building and a large yard. The building has 2 studios with private entry, 2 one bedrooms with private entry, another 1 bedroom with a shared entry and 2 two Bedrooms with two accesses, one private entry and one shared. All but 1 unit is occupied mostly...Rare opportunity for a seven-plex cash flow machine. This property is conveniently located on a corner lot walking distance to the heart of historic Riverside Township and the light-rail station. The property offers ample parking int he rear of the building and a large yard. The building has 2 studios with private entry, 2 one bedrooms with private entry, another 1 bedroom with a shared entry and 2 two Bedrooms with two accesses, one private entry and one shared. All but 1 unit is occupied mostly with very long term tenants. Electric and gas are all separate. All township CO's are up to date and all state inspections are up to date. This is a true turnkey rental building waiting for its next investor.
  1. Listed by Craig R Berberich • Keller Williams Realty - Cherry Hill
    P: (856)-745-8909 craig@cbflaherty.com

Property Details for 14 Franklin Street

Tax ID Number
30-00903-00008
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
11-19-2020
LISTING CLOSED: 02/12/2021 12:00 AM

Property Details for 14 Franklin Street

StatusClosed
MLS #NJBL386988
Days on Market27
Taxes$10,714 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.10 AC / 4,356 SF
CountyBurlington County
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Location

Listing Courtesy of Keller Williams Realty - Cherry Hill

Sold By Keller Williams Realty - Cherry Hill

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Building Information for 14 Franklin Street

Stories-Residences1Year Built1920Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

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$2,732 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,839

Property Taxes

$893

HOA Dues

$0

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Property Information for 14 Franklin Street

Location
Location
  • Transportation: Commuter Rail Station less than 1 mile, Metro/Subway Station less than 1 mile
  • School District Name: RIVERSIDE TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396961
  • SchoolDistrictSource: Listing Agent
  • County: BURLINGTON
  • MLS Area: Riverside Twp (20330)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $281,500
  • Zoning: APARTMENT
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Sewer, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
  • Units Leased Count: 7
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 5
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 1
Unit 7
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Financial Information
Expenses
  • Operating Expense: $11,958
  • Operating Expense Includes: Insurance
  • Insurance Expense: $4,400
Financial Information
  • Gross Scheduled Income: $57,900
  • Net Operating Income: $41,542
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 1
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 42.00 x 100.00
  • Parcel ID: 1731063
Parking
Parking
  • Type Of Parking: Parking Lot, Off Site
  • Parking Features: Unassigned, Public, Paved Parking
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Fire Escape, Flood Lights, Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV, Electric Available, Natural Gas Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Other
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors

Property History for 14 Franklin Street

DateEvent & SourcePriceAppreciation
Feb 12, 2021

Closed

BRIGHT #NJBL386988

$369,000—
Dec 15, 2020

Pending

BRIGHT #NJBL386988

—
Nov 19, 2020

Listed (Active)

BRIGHT #NJBL386988

$389,900—
DateEvent & SourcePrice
02/12/2021

Closed

BRIGHT #NJBL386988

$369,000
12/15/2020

Pending

BRIGHT #NJBL386988

—
11/19/2020

Listed (Active)

BRIGHT #NJBL386988

$389,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 14 Franklin Street

This home is within Riverside Township School District.
Rating
School
Type
Grades
Distance
Riverside Elementary School
Public - PK to 5
Riverside Middle School
Public - 6 to 8
Riverside High School
Public - 9 to 12
St. Peter Elementary School
Private - PK to 8
Rating
School
Distance
Riverside Elementary School
PublicPK to 5

Riverside Middle School
Public6 to 8

Riverside High School
Public9 to 12

St. Peter Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams Realty - Cherry Hill

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.