20 West 2nd Avenue

Runnemede, NJ 08078

$545,000
Price
7
Beds
7
Baths
3,000 Sq. Ft.
$182 / Sq. Ft.
3,000
Sq. Ft.
$182
per Sq. Ft.

Description

INCREDIBLE MULTIFAMILY OPPORTUNITY - x7 Fully Occupied 1 Bedroom/1 Bathroom Units! Overflowing with potential to add value by billing back utilities increasing to market rents. Seller passed New Jersey DCA hotel & multiple dwellings inspection less than a year ago! Cycles generally last 5 years, so the property should not require re-inspection for some time. Shared coin-operated laundry in basement & private parking with paved driveway! Unit 1 is currently being rented for $950/mo thru 3/31/25. Unit...INCREDIBLE MULTIFAMILY OPPORTUNITY - x7 Fully Occupied 1 Bedroom/1 Bathroom Units! Overflowing with potential to add value by billing back utilities increasing to market rents. Seller passed New Jersey DCA hotel & multiple dwellings inspection less than a year ago! Cycles generally last 5 years, so the property should not require re-inspection for some time. Shared coin-operated laundry in basement & private parking with paved driveway! Unit 1 is currently being rented for $950/mo thru 3/31/25. Unit 2 is currently being rented for $771/mo on a month to month lease. Unit 3 is currently being rented for $975/mo thru 8/31/24. Unit 4 is currently being rented for $903/mo on a month to month lease. Unit 5 is currently being rented for $1,013/mo on a month to month lease. Unit 6 is currently being rented for $1,050/mo thru 2/28/25. Unit 7 is currently being rented for $880/mo thru 3/31/24. Schedule a tour TODAY - you won't want to miss this opportunity!
  1. Listed by Patrick M Gorman • Keller Williams - Main Street
    P: 8562003240 patrick.gorman@gormangrouprealtors.com

Property Details for 20 West 2nd Avenue

Tax ID Number
30-00045-00010 01
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Subdivision
RUNNEMEDE GARDENS
Subdivision
RUNNEMEDE GARDENS (CAMDEN NJ)

Location

Listing Courtesy of Keller Williams - Main Street
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LISTING UPDATED: 04/19/2024 05:31 PM

Property Details for 20 West 2nd Avenue

StatusPending
MLS #NJCD2064862
Days on Market25
Taxes$7,951 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.17 AC / 7,200 SF
CountyCamden County

Location

Listing Courtesy of Keller Williams - Main Street
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Building Information for 20 West 2nd Avenue

Stories-Residences4Year Built1930Building Size-Lot Size0.17 AC / 7,200 SF

Payment Calculator

$3,637 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,974

Property Taxes

$663

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 20 West 2nd Avenue

Location
Location
  • School District Name: BLACK HORSE PIKE REGIONAL SCHOOLS
  • School District County ID: 300200396979
  • SchoolDistrictSource: Listing Agent
  • High School: TRITON (CAMDEN NJ)
  • HighSchoolSource: 3rd Party
  • County: CAMDEN
  • MLS Area: Runnemede Boro (20430)
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: 2002
  • Tax Assessed Value: $88,000
  • Improvement Assessed Value: $60,000
  • Land Assessed Value: $28,000
  • Land Use Code: APAR
  • Zoning: RESID
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 7
  • Two Bedroom Units Count: 0
  • 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
  • Number Of Units Month To Month: 3
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 7
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $22,683
  • Insurance Expense: $2,500
  • Maintenance Expense: $2,000
Financial Information
  • Net Operating Income: $60,549
  • Annual Rental Income: $86,700
  • Cap Rate: 12.12
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,000.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1920108
Parking
Parking
  • Type Of Parking: Driveway
  • Parking Features: Asphalt Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors
  • List Agent URL: patrickgorman.kw.com

Property History for 20 West 2nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 20 West 2nd Avenue

Taxable ValueLand$46,200Additions$135,800Total$182,000
Tax Record2022$7,699 ($642 / month)
Home Facts
Total Finished SqFt2,624 SqFtAbove Grade Finished SqFt2,624 SqFtStories2Lot Size7,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountyCAMDENAPN30 00045-0000-00010- 01

Schools near 20 West 2nd Avenue

This home is within Runnemede Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 3
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Mary E. Volz Elementary School
PublicPK to 8

Bingham Elementary School
PublicK to 3

Triton High School
Public9 to 12

St Teresa Regional 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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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 Keller Williams - Main Street

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.