1226 MAGNOLIA AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Camden,NJ 08103
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,454 sqft
Price per Sqft $103
Subdivision Parkside
MLS Listing ID NJCD2075400
Style Straight Thru
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,454
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,883
Tax Year 2023
Lot Size 1,568 Sqft
Acres 0.04
Lot Dimensions 16.00 x 0.00
Property Description
Discover a prime CASH FLOWING INVESTMENT OPPORTUNITY! with "The Horn of Plenty" on Magnolia Ave , a tenant-occupied property generating steady income. This traditional brick townhouse, a staple of Camden’s Parkside historic charm, offers immediate landlord potential with an $800/month paying tenant whose lease is secure until December 31st, 2024.
Key Features:
Tenant Occupied: Enjoy immediate rental income from reliable tenants who consistently pay on time.
Recent Updates: New flooring, a modern hot water heater, furnace, and updated roof and gutters ensure minimal maintenance costs.
Spacious Layout: The home boasts 3 bedrooms and 1.5 bathrooms, offering ample space for tenants. The finished basement provides extra living or storage space.
Charming Interior: Warm, chestnut-like flooring and a cozy interior create an inviting atmosphere that tenants love.
Outdoor Space: A spacious backyard offers room for relaxation or further enhancement to increase property value.
Potential for Modernization: While the home is move-in ready, there’s still room for additional renovations to increase its appeal and rental value.
Perfect for investors looking to step into a stable rental market with a property that has both historical charm and modern comforts. Don't miss this chance to expand your portfolio with a property that promises both immediate returns and long-term value.
Essentially Estate Sale. Buyer's are responsible of obtaining CCO and Fire Certification from the City of Camden.
Location
State NJ
County Camden
Area Camden City (20408)
Zoning R-2
Rooms
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Laminated
Inclusions Refrigerator, Oven, Stove, Tenant and Tenant personal property
Furnishings Yes
Fireplace N
Heat Source Natural Gas
Laundry Basement
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility Other
Parking Type Driveway,On Street
Garage N
Building
Story 2
Foundation Brick/Mortar
Sewer No Septic System
Water Public
Architectural Style Straight Thru
Level or Stories 2
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Camden City Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 08-01271-00099
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description No Pet Restrictions