BEDS0
BATHS
SQUARE FEET1,686
MLS#NJCD2126812
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBLUEBIRD
SCHOOLCOLLINGSWOOD BOROUGH
Property Description
Excellent investment opportunity! This fully occupied four-unit multifamily property offers strong existing rental income and immediate income-producing potential from day one. Each unit features its own private kitchen and bathroom, with separate electric service for each apartment. The property has four individual electric meters for the units, plus a separate house electric meter, helping keep tenant utility usage clearly separated. Unit 1 features 2 bedrooms, 1 full bath, its own kitchen, central air and heat, and private access directly from the front porch. Units 2, 3, and 4 each offer 1 bedroom, 1 full bath, their own kitchen, electric baseboard heat, and access through the side entrance along the driveway side of the property. A shared washer and dryer are located in the basement for tenant use. The landlord currently pays water, approximately $160 per quarter, and sewer, approximately $279 per quarter. Electric service is separately metered for each unit. With all four units currently occupied and producing approximately $43,284 in gross annual rental income, this property presents an excellent opportunity for an investor looking to add a strong multifamily asset to their portfolio. Based on the current asking price, current rents, and known operating expenses, the property reflects an approximate 7.6% cap rate. Four occupied units, separate electric meters, individual kitchens, established rental income, and immediate cash flow make this a property worth a serious look. Schedule your showing today!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other, Combination
Cooling: Central A/C, Window Unit(s)
Fuel Type: Electric, Natural Gas
Heating: Baseboard - Electric, Central
Lot Size: 0.17 Acres
Taxes: $9,091
Year Built: 1900
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Days on Site: 34
Exterior: Frame
Lot Dimensions: 0.17 Acre(S)
Municipality: WOODLYNNE BORO
One Bedroom Units: 3
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 3
Two Bedroom Units: 1
Units: 4
Water: Public
Local Schools
School District: COLLINGSWOOD BOROUGH
Listed By / Shown By
Listed By
Agency Name: Opus Elite Real Estate
Agency Phone: 2153956277
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,764.48 per month $890.23 Principal & Interest $757.58 Property Tax $116.67 Homeowner's InsuranceChange Payment Information
222 Cypress Avenue | MLS# NJCD2126812
This multi-family property located at 222 Cypress Avenue, Oaklyn, NJ 08107 is currently listed for sale with an asking price of $399,999. Cypress Avenue is located within the COLLINGSWOOD BOROUGH school district. Search Oaklyn real estate on www.realtymark.net today.