Collingswood, NJ 08108,255 PARK AVE
Collingswood, NJ 08108,255 PARK AVE
Collingswood, NJ 08108,255 PARK AVE
Collingswood, NJ 08108,255 PARK AVE
Collingswood, NJ 08108,255 PARK AVE
Collingswood, NJ 08108,255 PARK AVE
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$168,350

$185,000

9.0%
Est.Price: ?

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Est. payment /mo

1,778 SqFt


SOLD DATE : 03/01/2017

Key Details

Sold Price $168,350

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,778 sqft

Price per Sqft $94

Subdivision None Available

MLS Listing ID 1002441246

Sold Date 03/01/17

Style Other

HOA Y/N N

Abv Grd Liv Area 1,778

Originating Board TREND

Year Built 1922

Annual Tax Amount $7,105

Tax Year 2016

Lot Size 5,000 Sqft

Acres 0.11

Lot Dimensions 40X125

Property Description

Great income opportunity for an investor. Triplex with 2 car garage has multiple potential income streams. First Floor front unit is a one bedroom unit with large kitchen, large living room and large dining room (was being used as a second bedroom, includes doors etc and could potentially be fully converted to a 2nd bedroom to maximize rental value) First Floor back unit is an efficiency unit with a full bath, small kitchen, and living/sleeping area. 2nd Floor unit is a 1 bedroom with separate living area, kitchen, and full bathroom. All tenants have basement access with washer's and dryers. Potential to create additional income by creating a coin-op laundry room that services the building. Additionally there is a two car garage that could easily be rented for 100 a month per bay for additional income. This building is full of potential but does need some tlc and is being sold strictly in as-is condition. Though it needs a few some cleaning up and updating, the following items have been completed to date: Recent improvements include a new (2014) gas fired, Crown boiler, a two ton central air conditioner servicing the 1 bed unit lower unit, three new hot water heaters, mostly all newer energy efficient replacement windows(2013). The following modifications could potentially make a significant change to the cash flow: Splitting the heaters and having each tenant pay their own heat, billing water and sewer to each tenant, adding coin op laundry, renting both garages out, updating the units to receive maximum rent. Price reflects a discount so that an investor can make the changes to make this an amazing building to have in any portfolio.

Location

State NJ

County Camden

Area Collingswood Boro (20412)

Zoning MUL

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Hot Water Natural Gas

Heating Gas

Cooling Central A/C, Wall Unit

Fireplace N

Heat Source Natural Gas

Laundry Common

Exterior

Garage Spaces 4.0

Water Access N

Accessibility None

Total Parking Spaces 4

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

Elementary Schools Mark Newbie

Middle Schools Collingswood

High Schools Collingswood

School District Collingswood Borough Public Schools

Others

Tax ID 12-00119-00009

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Edward M Barski • Sold Pros Real Estate LLC
Bought with Edward M Barski • Sold Pros Real Estate LLC
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