This quadplex residential property is a solid moneymaker with great cash flow and a low expense ratio. 3 Units currently leased!The tenants pay their own gas and electric, and have their own heaters, water heaters and entrances, which helps keep the owner's costs to a bare minimum. The rents on the recently renovated units on the 27 address side demonstrate that these apartments are in high demand. The building is in a great location for a multifamily and in the desirable town of Moorestown. The lot is large and has potential. Four-unit multifamily buildings in this area don't come along too often, so make an appointment to tour this property today!
Property Type :
Multi-Family
Subdivision :
Lenola
County :
BURLINGTON
Style :
Multi-Family
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ByOwner last updated this listing 04/27/2024 @ 13:04
MLS: NJBL2046914
LISTED BY: Patrick M Gorman , Keller Williams - Main Street
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
