$315,000

85 MADISON AVE, Mount Holly, NJ 08060

  • 1,941 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $162/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

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 Status:
Active
Listing Office:
Better Homes and Gardens Real Estate Maturo : 8563160777
Listing Agent:
Frank J, Stimiloski : 6092344495
MLS ID:
NJBL2097492
  • General: Attic
  • Appliances: RefrigeratorStoveWasherDryer
  • Basement: FullInterior accessUnfinished
  • A/C: None
  • Heating: Hot WaterRadiatorNatural Gas
  • Disability Feature: 2+ Access Exits32"+ wide Doors36"+ wide HallsMobility ImprovementsRamp - Main Level
  • General: Outbuilding(s)Above GradeBelow Grade
  • Style: ColonialConverted Dwelling
  • Other Structures: PorchDeck
  • Roofing: MetalPitchedShingle
  • General: FrameStone
  • Originating MLS: BRIGHT_MAIN
  • School District: MOUNT HOLLY TOWNSHIP PUBLIC SCHOOLS
  • County: BURLINGTON-NJ
  • Zoning: R223-00071-00022
  • Utilities: Natural gas available100 amp service
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: tenants personal property

This listing courtesy of Frank J, Stimiloski, Better Homes and Gardens Real Estate Maturo

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John Brainerd Elementary School

100 Wollner Dr, Mount Holly, NJ, 08060

Grades PK-2

0.61 miles away

F

F. W. Holbein Middle School

333 Levis Dr, Mount Holly, NJ, 08060

Grades 6-8

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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