1016 West 3rd Street

Florence, NJ 08518

$325,000
Price
Beds
2,063 Sq. Ft.
$158 / Sq. Ft.
2,063
Sq. Ft.
$158
per Sq. Ft.

Description

Welcome to your next investment opportunity in Florence, NJ! This duplex presents a prime chance to capitalize on rental income and property appreciation. The first-floor unit offers an oversized 1 bedroom, 1 bathroom layout with a finished basement, perfect for immediate occupancy or rental. Meanwhile, the second-floor unit, with 2 bedrooms and 1 bathroom, is currently tenant-occupied, generating $1600 per month and expressing interest in a continued lease. Both units are updated and turnkey ready,...Welcome to your next investment opportunity in Florence, NJ! This duplex presents a prime chance to capitalize on rental income and property appreciation. The first-floor unit offers an oversized 1 bedroom, 1 bathroom layout with a finished basement, perfect for immediate occupancy or rental. Meanwhile, the second-floor unit, with 2 bedrooms and 1 bathroom, is currently tenant-occupied, generating $1600 per month and expressing interest in a continued lease. Both units are updated and turnkey ready, promising low maintenance and high tenant satisfaction. With potential total rental income reaching $3400 per month and the added benefit of low taxes, this property stands as a solid investment choice. Located in a community renowned for its pride and convenience to public transportation, this duplex is a lucrative addition to any portfolio. Don't hesitate—seize this opportunity to secure your foothold in the flourishing Florence real estate market. Schedule your viewing today!
  1. Listed by Melanie C Elliott • Century 21 Veterans-Newtown
    P: 2672438939 melanieelliott@verizon.net

Property Details for 1016 West 3rd Street

Tax ID Number
15-00003-00001
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Municipality
FLORENCE TWP
Total Parking Spaces
2

Location

Listing Courtesy of Century 21 Veterans-Newtown
Add your commute
LISTING UPDATED: 04/23/2024 10:42 AM

Property Details for 1016 West 3rd Street

StatusActive Under Contract
MLS #NJBL2063876
Days on Market5
Taxes$3,657 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.08 AC / 3,450 SF
CountyBurlington County

Location

Listing Courtesy of Century 21 Veterans-Newtown
Add your commute

Building Information for 1016 West 3rd Street

Stories-Residences2Year Built1910Building Size-Lot Size0.08 AC / 3,450 SF

Payment Calculator

$2,078 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$305

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1016 West 3rd Street

Location
Location
  • School District Name: FLORENCE TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396948
  • SchoolDistrictSource: Listing Agent
  • County: BURLINGTON
  • MLS Area: Florence Twp (20315)
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: 2023
  • Tax Assessed Value: $137,100
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $98,700
  • City Town Tax: $0
  • Land Assessed Value: $38,400
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RES
  • Tax Lot: 00001
  • School Tax: $0
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 1
  • Number Of Units Vacant: 1
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance
Financial Information
  • Annual Rental Income: $19,200
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 2,063.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Location Type: Suburban
  • Parcel ID: 1650535
Parking
Parking
  • Type Of Parking: On Street, Driveway
  • Driveway - # of Spaces: 2
Interior Features
Interior Features
  • Appliances: Dryer, Oven/Range - Gas, Refrigerator, Washer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Bucks County Association of REALTORS

Property History for 1016 West 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1016 West 3rd Street

Taxable ValueLand$38,400Additions$98,700Total$137,100
Tax Record2022$3,580 ($298 / month)
Home Facts
Total Finished SqFt1,718 SqFtAbove Grade Finished SqFt1,718 SqFtStories2Lot Size3,450 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyBURLINGTONAPN15 00003-0000-00001

Schools near 1016 West 3rd Street

This home is within Florence Township School District.
Rating
School
Type
Grades
Distance
Public - 9 to 12
Rating
School
Distance
Florence Twp Mem High School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Veterans-Newtown

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.