235 Center Street

Moorestown, NJ 08057

$449,000
Price
Beds
1,680 Sq. Ft.
$267 / Sq. Ft.
1,680
Sq. Ft.
$267
per Sq. Ft.

Description

Don't miss this Investment opportunity home! This duplex is a multi-family home and is a solid moneymaker with excellent cash flow and a low expense ratio. It has a beautiful lush large yard, a nice 20'x12' woodshed in the back yard, and a large driveway/parking. The living room has lots of space! Kitchens are just the right size with lots of cabinets. Downstairs Apartment 1 is a 2 Bedroom and Upstairs Apartment 2 has 3 bedrooms. Live in one half while you rent the other. The utilities are separated....Don't miss this Investment opportunity home! This duplex is a multi-family home and is a solid moneymaker with excellent cash flow and a low expense ratio. It has a beautiful lush large yard, a nice 20'x12' woodshed in the back yard, and a large driveway/parking. The living room has lots of space! Kitchens are just the right size with lots of cabinets. Downstairs Apartment 1 is a 2 Bedroom and Upstairs Apartment 2 has 3 bedrooms. Live in one half while you rent the other. The utilities are separated. The back porch is a good size and accessible from the backyard. The backyard is large and great for a growing family. This home backs to the woods, and the lot extends approximately—75 feet into the woods. There is wood flooring and carpet throughout the home. All rooms are good-sized bedrooms with ample closet space. New Paint and New Carpet! The building is in a great location for a multifamily and the desirable town of Moorestown. The lot is large and has potential. A lot of houses for the money & highly sought-after Moorestown schools! Close to shopping, transportation, and a great investment property!
  1. Listed by Thomas Scott Cranmer • EXP Realty, LLC
    P: 6096004131 thomas.cranmer@exprealty.com

Property Details for 235 Center Street

Tax ID Number
22-00502-00038
Ownership
Fee Simple
Structure Type
Detached
Style
Cape Cod
Waterfront
No
Views
Garden/Lawn, Street, Trees/Woods
Garage
No
Expected On Market Date
09-16-2023

Location

Listing Courtesy of EXP Realty, LLC
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LISTING UPDATED: 04/27/2024 07:44 AM

Property Details for 235 Center Street

StatusActive Under Contract
MLS #NJBL2052666
Days on Market127
Taxes$5,853 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1951
Lot Size0.46 AC / 19,920 SF
CountyBurlington County

Location

Listing Courtesy of EXP Realty, LLC
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Building Information for 235 Center Street

Stories-Residences1Year Built1951Building Size-Lot Size0.46 AC / 19,920 SF

Payment Calculator

$2,938 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,450

Property Taxes

$488

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 235 Center Street

Location
Location
  • School District Name: MOORESTOWN TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396965
  • SchoolDistrictSource: Listing Agent
  • County: BURLINGTON
  • MLS Area: Moorestown Twp (20322)
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: $211,100
  • Year Assessed: 2023
  • Improvement Assessed Value: $136,300
  • Land Assessed Value: $74,800
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: 0
  • Tax Lot: 00038
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: .05%
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $25,000
  • Operating Expense Includes: Insurance
  • Water Avg Month: $30
  • Water Prev 12 Months: $360
  • Electric Avg Month: $110
  • Electric Prev 12 Months: $1,320
  • Gas Avg Month: $100
  • Gas Prev 12 Months: $1,200
Financial Information
  • Gross Scheduled Income: $31,200
  • Net Operating Income: $25,000
  • Annual Rental Income: $31,000
  • Income Includes: Apartment Rentals
  • Cap Rate: 5.30
  • Existing Lease Type: Month to Month
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: 80.00 x 249.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Backs to Trees
  • Soil Types: Mixed
  • Location Type: Middle Of Block
  • Parcel ID: 1682117
Parking
Parking
  • Type Of Parking: Driveway
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Natural Gas Available, Phone Available, Cable TV Available, Water Available
  • Heating: Yes
  • Cooling Type: Ceiling Fan(s)
  • Cooling Fuel: None
  • Heating Type: 90% Forced Air
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
  • Internet Services: Cable, Fixed Wireless
Confidential Data
Listing Office
  • List Agent AOR: North Central Jersey Association of REALTORS

Property History for 235 Center 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 235 Center Street

Taxable ValueLand$74,800Additions$136,300Total$211,100
Tax Record2022$5,824 ($485 / month)
Home Facts
Beds0Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size19,920 SqFtStyleSingle Family ResidenceYear Built1951CountyBURLINGTONAPN22 00502-0000-00038

Schools near 235 Center Street

This home is within Moorestown Township School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Mary E. Roberts Elementary School
PublicPK to 3

Moorestown Upper Elementary School
Public4 to 6

Wm Allen Iii Middle School
Public7 to 8

Moorestown 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 EXP Realty, LLC

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.