BEDS0
BATHS
SQUARE FEET1,824
MLS#NJBL2112436
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMAPLE SHADE TOWNSHIP PUBLIC SCHOOLS
Property Description
Excellent opportunity to own a well-maintained duplex in a convenient location with strong income potential! This versatile property is ideal for investors or owner-occupants looking to “house hack” by living in one unit while collecting rental income from the other. Each unit features 3 bedrooms, 1 full bathroom, separate utilities, and its own private laundry area for added convenience. One unit is currently occupied by a tenant paying $1,900/month with a lease in place through September 2027, providing immediate stable income. The second unit is vacant and projected to rent for approximately $1,900/month, offering flexibility for an owner-occupant or investor seeking additional cash flow. Projected gross rental income of approximately $45,600 annually with an estimated 7%+ projected cap rate makes this an attractive addition to any investment portfolio. Major systems have already been updated, with both HVAC systems and water heaters approximately 5 years old. Whether you’re looking to expand your portfolio or offset your mortgage with rental income, this duplex presents a fantastic opportunity with solid cash-flow potential and low-maintenance features. Projected rents, income, expenses, and cap rate figures are estimates only and are not guaranteed. Buyers are responsible for conducting their own due diligence and verifying all financial information independently.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.17 Acres
Roof Type: Shingle
Taxes: $6,609
Year Built: 1955
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Oven/Range - Gas, Refrigerator, Dryer, Washer
Days on Site: 5
Exterior: Frame
Flooring: Wood, Ceramic Tile, Carpet
Lot Dimensions: 0.17 Acre(S)
Municipality: MAPLE SHADE TWP
Parking Notes: Concrete Driveway
Sewer: Public Sewer
Structure Type: Detached
Three Bedroom Units: 2
Total Garage/Parking Spaces: 2
Units: 2
Water: Public
Local Schools
School District: MAPLE SHADE TOWNSHIP PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Redfin
Agency Phone: 6092167035
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,683.50 per month $1,001.50 Principal & Interest $550.75 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
332 Bailey Avenue | MLS# NJBL2112436
This multi-family property located at 332 Bailey Avenue, Maple Shade, NJ 08052 is currently listed for sale with an asking price of $450,000. Bailey Avenue is located within the MAPLE SHADE TOWNSHIP PUBLIC SCHOOLS school district. Search Maple Shade real estate on www.realtymark.net today.