• 518 Race Street PALMYRA, NJ 08065

  • $265,000
  • 4
    Bed(s)
  • 2.0
    Baths
  • 1,920
    Sq Ft
  • 4000
    Sqft

Spacious corner property ideal for house hacking, live in one unit, rent the other to offset your mortgage. Great income property located in Palmyra, one of NJ’s Opportunity Zones. Invest now with tax saving opportunities. Solid Duplex with a first floor spacious 3 bedroom 1 bath, to be delivered vacant with rental potential of $1850 + per month. Second floor unit, 2 Bed 1 bath, occupied with long term tenant that would like to stay at $1050 per month. Some major components updated within the last few years like roof, and parging in the basement, gas heat unit completely rebuilt. Some cosmetics will allow this property to max out on market rental rates. Quiet residential neighborhood with oversized wood deck for tenant’s enjoyment, spacious rear yard and covered carport. As-is sale, buyer responsible for twp CO transfer.

Property Type :

Residential

Subdivision :

None Available

County :

BURLINGTON

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Master Bedroom Level: 3

Total Bedroom (Upper): 1

Bedroom Upper Level 1: 1

Bathroom Information

Total Baths: 2

Full Baths: 2

Laundry Source

Laundry Type : Basement

Water/Sewer

Water Source : Public

Interior Features

Roof : Asphalt,Flat

Exterior Property Features : Exterior Lighting

Basement Description: Full

Property Appliances: Refrigerator,Oven/Range - Gas

Roofing Information

Asphalt,Flat

Heating & Cooling

Cooling: Window Unit(s)

Heating: Baseboard - Electric

Cooling Fuel: Electric

Heating Fuel: Electric,Natural Gas

Building Information

Exterior Features: Exterior Lighting

Year Built: 1910

Structure: Detached

Fencing: Chain Link

Major Appliances: Refrigerator,Oven/Range - Gas

New Construction: No

Built: 1910

Construction Material: Frame

Roof: Asphalt,Flat

Foundation/Basement: Stone,Block

Architecture: Victorian

Pool/Private: No Pool

Roof Type: Asphalt,Flat

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Fencing

Chain Link

Water

Water Heat: Natural Gas

Lot Information

Lot Size: 4,000

Dimensions: 40.00 x 100.00

Lot Size (Acres): 0.09

Architectural Style: Victorian

Main Square Feet: 4,000

Property Information

SQ ft: 1,920

SQ ft (Living Area): 1,920

Total Lot SQ ft: 4,000

Subdivision: NONE AVAILABLE

Financing: Cash,Conventional,FHA

Appx. Lot Dimensions: 40.00 x 100.00

Total Acreage: 0.09

New Construction: No

Type: Victorian

Listing Information

Possession: 0-30 Days CD,31-60 Days CD

Days Of Market: 8

Lease Information

Lease Considered: No

Tax Information

Annual Tax: $6,081

Tax Year: 2022

Total Taxes Payment Frequency: Annually

Possession

0-30 Days CD,31-60 Days CD

Assessment Information

Taxes Assessment Amount: $147,100

Parking Information

Total Parking Spaces: 4

Parking Type: Driveway,Detached Carport,On Street

Parking Features: Concrete Driveway

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional,FHA

Roof: Asphalt,Flat

Homeowners Association Information

Direction: GPS

School Information

School District: PALMYRA BOROUGH PUBLIC SCHOOLS

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Electric,Natural Gas

Hot Water: Natural Gas

Location Information

Location Type: Suburban

Direction: GPS

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
507 Maple Avenue , Palmyra, NJ,08065 $390,000 -- -- 2,400 14998 Sqft
3001 Harbour Drive , Palmyra, NJ,08065 $195,000 2 1.5 1,426 --
3116 Harbour Drive , Palmyra, NJ,08065 $224,900 2 2.5 1,136 --
208 Delaware , Palmyra, NJ,08065 $249,900 3 2.0 1,568 8747 Sqft
9304 Blue Heron Court , Palmyra, NJ,08065 $380,000 3 2.5 1,932 --
2021 Harbour Drive , Palmyra, NJ,08065 $219,999 2 1.0 1,056 --
3021 Harbour Drive , Palmyra, NJ,08065 $215,000 2 1.0 1,056 --
309 W 5th Street , Palmyra, NJ,08065 $150,000 3 2.0 1,311 7998 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 04/28/2024 @ 12:46

MLS: NJBL2060162
LISTED BY: Melanie C Elliott , Century 21 Veterans-Newtown
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: -$100

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