308 Walnut Avenue Gloucester City, NJ $ 280,000
308 Walnut Avenue
$ 280,000
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308 Walnut Avenue

Gloucester City, NJ, 08030
$ 280,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 1,861

308 Walnut Avenue, Gloucester City, NJ 08030 - Image 1
308 Walnut Avenue, Gloucester City, NJ 08030 - Image 2
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308 Walnut Avenue, Gloucester City, NJ 08030 - Image 4
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308 Walnut Avenue, Gloucester City, NJ 08030 - Image 7
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308 Walnut Avenue, Gloucester City, NJ 08030 - Image 9
308 Walnut Avenue, Gloucester City, NJ 08030 - Image 10
308 Walnut Avenue, Gloucester City, NJ 08030 - Image 11

Multi-Family Home for sale in Gloucester City, NJ

for $280,000 with 4 bedrooms. This home was built in 1925 on a lot size of 0.17.

Here is your chance to own an instant income producing property. The roof and 6" gutters are brand new. All the windows have been replaced. The whole exterior has been painted for a fresh look. The downstairs is a completely renovated 3 bed 1 bath apartment, with interior access to the basement and private laundry room. Complete with an all new bathroom, from the tile to shower fixtures, and all new kitchen with long lasting granite counter tops and all new appliances and cabinets. Bonus porch off the kitchen provides extra space for an office, kids play room, or dinning room. The upstairs is an all updated 1 bath, 1 bed apartment, with loads of character. All new appliances, kitchen cabinets, bathroom and heat and AC are provided with a mini split system. BONUS....the current owners built two separate laundry facilities in the basement for each units' personal use. Plenty of parking in the driveway and off street. Close to all major highways, shopping and public transportation. A nice sized fenced in backyard for families. A garage on the property provides storage for the new owner or rent out the garage to tenants for extra income. The property has been approved with section 8. The sellers will not be making any repairs. Everything has just passed the CO for tenants. All inspections are current. Sellers will provide RE-SALE CO and fire cert, if required. Buyers are responsible for New Landlord Registration with Gloucester City. Upstairs unit-1 bed, 1 bath-Currently Rented-$1287.00 Section 8 Contract Downstairs unit-3 bed,1 bath-Currently Rented-$2200.00 Garage-Market Value to rent-$200.00

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Multi-Family Pending

Price

$ 280,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 6,169

Style

Bungalow

Lot Size

0.17

Year Built

1925

Town/City

Gloucester City

County/Region

Camden

MLS | Web ID

NJCD2067624

Features
General
Interior Features Ceiling Fan(s) Entry Level Bedroom Family Room Off Kitchen Primary Bath(s) Recessed Lighting Kitchen - Table Space Tub Shower Upgraded Countertops
Sewer Public Sewer
Heating Baseboard - Hot Water Wall Unit
Cooling Window Unit(s) Wall Unit
Utilities Cable TV Available Electric Available Natural Gas Available Phone Available
Possession Immediate
Roof Shingle
Appliances Dishwasher Disposal Dryer - Gas Dryer - Electric Water Heater Washer Refrigerator Range Hood Oven/Range - Gas Oven/Range - Electric Oven - Self Cleaning
Zoning RESIDENTIAL
Architectural Style Bungalow
Construction Materials Block
Exclusions All tenant personal property and owner property in the garage.
Year Built 1925
Electric 220 Volts
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality GLOUCESTER CITY
Gross Income 62000.00
Accessibility 2+ Access Exits
County CAMDEN
Operating Expense 0.00
Insurance Expense 1200.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 9
Status PENDING
Directions GPS
City GLOUCESTER CITY
Buyer Agent Compensation 2
Disclosures Agent Related to Owner House Code - Inspected Lead Based Paint - State Prop Disclosure
Total Units 2
MLS Area Gloucester City (20414)
Lot Size Square Feet 7396.00
Waterfront Y/N N
Number of Units Leased 2
Street Name WALNUT
Tax Annual Amount 6169.0
Home Warranty Y/N N
Property Condition Excellent
Trash Expense 0.00
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total 280.0
Acceptable Financing Cash Conventional FHA
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 7
Lease Type Yearly
Standard Status Pending
Year Built Source Assessor
Tax Lot 00005
Total Actual Rent 62000.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Interior
Heating Fuel Electric Natural Gas
Basement Daylight Partial Daylight Full Full Outside Entrance Interior Access Poured Concrete Walkout Stairs Other
Flooring Luxury Vinyl Plank
Hot Water Electric Natural Gas
Total Stories 3
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Window Features Double Hung Energy Efficient Replacement
Fireplace Y/N N
Street Suffix AVENUE
Central Air Y/N N
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Exterior
Pool No Pool
Parking Features Asphalt Driveway
Lot Features Front Yard Private Rear Yard
Water Source Public
Inclusions 2 Washers 2 Dryers 2 Refrigerators 2 Ranges/Oven 2 Dishwashers and 2 Garbage Disposals
Type of Parking Driveway Off Street
Foundation Details Block
Spa N
Water View Y/N N
Lot Dimensions 87.00 x 85.00
Lot Size Acres 0.17
Lot Size Units Square Feet
Lot Size Source Assessor
Pool Charge 0.00
Land Assessed Value 39800.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 308
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* Excluded Features
List By
Penzone Realty

Broker

warnerc1111@gmail.com

Email

Affordability Calculator

$2,375
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,861
Monthly Property Taxes
$514
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3535203 Elementary School
3534217 Middle School
Gloucester City Jr. Sr. H.S. High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$280,000 Listed Price

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308 Walnut Avenue, Gloucester City, NJ, 08030 is a Multi-Family Home for sale at $280,000 with a lot size of 0.17. 308 Walnut Avenue has 4 bedrooms, 0.0 baths, and was built in 1925. The property's zip code is 08030 which is in Gloucester City, NJ