716 Front Street West

Florence, NJ 08518

$285,000
Last Sold Price
Beds
2,934 Sq. Ft.
$97 / Sq. Ft.
2,934
Sq. Ft.
$97
per Sq. Ft.

Description

Great investment property! This multi-family structure contains a total of 4 rental units. It has 2 one bedroom and one bath units and 2 two bedroom 1 bath units. 3 units are currently tenant occupied on a month to month lease agreement, the last unit's lease expires in October 2021. Fully rented, the property produces 3,200 per month in income potential. The property is right next to Waters Edge Park for easy access to launch a boat or enjoy the grounds and view.Great investment property! This multi-family structure contains a total of 4 rental units. It has 2 one bedroom and one bath units and 2 two bedroom 1 bath units. 3 units are currently tenant occupied on a month to month lease agreement, the last unit's lease expires in October 2021. Fully rented, the property produces 3,200 per month in income potential. The property is right next to Waters Edge Park for easy access to launch a boat or enjoy the grounds and view.
  1. Listed by Marcel Diaz • Weichert Realtors-Freehold
    P: 7325770440 mdiaz@weichertrealtors.net

Property Details for 716 Front Street West

Tax ID Number
15-00016-00004
Ownership
Fee Simple
HOA
No
Structure Type
Twin/Semi-Detached
Style
Salt Box, Side-by-Side
Waterfront
No
Garage
No
Municipality
FLORENCE TWP

Location

Listing Courtesy of Weichert Realtors-Freehold

Sold By Keller Williams Real Estate - Princeton

Add your commute
LISTING UPDATED: 11/25/2021 12:01 AM

Property Details for 716 Front Street West

StatusClosed
MLS #NJBL2002882
Days on Market18
Taxes$4,641 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.22 AC / 9,600 SF
CountyBurlington County

Location

Listing Courtesy of Weichert Realtors-Freehold

Sold By Keller Williams Real Estate - Princeton

Add your commute

Building Information for 716 Front Street West

Stories-Residences4Year Built1920Building Size-Lot Size0.22 AC / 9,600 SF

Payment Calculator

$1,942 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,555

Property Taxes

$387

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 716 Front Street West

Location
Location
  • School District Name: FLORENCE TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396948
  • SchoolDistrictSource: 3rd Party
  • Elementary School: RIVERFRONT SCHOOL (BURLINGTON NJ)
  • ElementarySchoolSource: 3rd Party
  • Middle Or Junior School: RIVERFRONT SCHOOL (BURLINGTON NJ)
  • MiddleSchoolSource: 3rd Party
  • High School: FLORENCE TOWNSHIP MEMORIAL (BURLINGTON NJ)
  • HighSchoolSource: 3rd Party
  • 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $180,000
  • Year Assessed: 2020
  • County Tax: $0
  • Improvement Assessed Value: $110,200
  • City Town Tax: $0
  • Land Assessed Value: $69,800
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RESIDENTIAL
  • Tax Lot: 00004
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Units Leased Count: 4
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance
Financial Information
  • Gross Scheduled Income: $38,400
  • Net Operating Income: $33,400
  • Annual Rental Income: $38,400
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Modified Gross
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 80.00 x 120.00
  • Lot Dimensions Source: Assessor
  • Location Type: River
  • Parcel ID: 1650666
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway, On Street
  • Driveway - # of Spaces: 6
  • Parking Features: Asphalt Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: Doors - Swing In
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Above Ground
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Zoned
  • Heating Fuel: Oil
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: No Septic System

Property History for 716 Front Street West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 716 Front Street West

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Weichert Realtors-Freehold

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.