$ 315,000
-
$315,000
Price -
3
Bed - Bath
-
1,941
SqFt
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About the Listing MATURO2 - 3269040
Don’t miss this exceptional investment opportunity in the heart of Mt. Holly! This well-maintained duplex features a one-bedroom unit downstairs and a two-bedroom unit upstairs, both with long-term tenants in place, ensuring immediate rental income.Property Details: The Downstairs Unit includes 1-bedroom, currently leased with a long-term tenant. Wheelchair access is provided via a ramped rear deck entrance. The Upstairs unit offers 2-bedrooms with large bonus rooms that can easily be converted into a third bedroom if needed. It has also been leased to a long-term tenant who has been maintaining the grounds, adding value to the property. Each unit has separate gas-fueled hot water radiator heating and electric meters, offering tenants independent control over their utilities. Water and sewerage were historically covered by the landlord, presenting an opportunity for potential changes in utility management. Both leases are eligible for renewal, allowing for flexibility in future rental arrangements. 85 Madison is ideally situated just down the street from Virtua Memorial Hospital and a short commute to Joint Base McGuire-Dix-Lakehurst (JBMDL), making it an attractive option for tenants and ensuring strong rental security. Only a short walk to the Mt. Holly business district, which boasts a vibrant array of dining , entertainment and shopping options, and various houses of worship. Mt. Holly offers a well-maintained park system, and is home to the renowned Rancocas Valley Regional High School. Close proximity to major transportation routes, provides easy access to Philadelphia, NYC, and the Jersey Shore. This property presents an outstanding opportunity for investors looking to secure a reliable income stream in an active real estate market. Additionally, the option to live in one unit while renting the other could help supplement mortgage costs. Properties like this seldom appear on the market, making this an excellent investment choice. Don't miss out on the chance to add this duplex to your portfolio! Feel free to reach out for more information or to schedule a viewing!
Listing Highlights for 85 Madison Ave
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
NJBL2097492
Year Built
1900
Total Square Footage
1,941
Lot/Acreage
0.14
County
Burlington
School District
Mount Holly Township Public Schools
Elementary School
John Brainerd E.S.
Middle School
F.W. Holbein M.S.
High School
Rancocas Valley Reg. H.S.
Interior Details
- Bedrooms: 3
- Bathrooms: Full
- Appliances: Refrigerator, Stove, Washer, Dryer
- Air Cond:
- Heating: Hot Water,Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1941
- Below Ground Sq Ft: 0
- Basement: Full,Interior Access,Unfinished
- Other: Attic
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 25.00 x 243.00
- Zoning: R2
- Roof: Metal,Pitched,Shingle
- Others: Outbuilding(s),Excellent
- Sewer: Public Sewer
- Parking Features: On Street,Driveway,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $5,427
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
85 Madison Ave Mount Holly, NJ 08060
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