Listing provided by: Teresa Mckenna, EXP Realty, LLC
12 Haddon Ave
Westmont, NJ 08108
$375,000
Sold
Overview
FULLY LEASED!!! Excellent INVESTOR OPPORTUNITY on Haddon Ave. in the popular Westmont District! This 2-Story mixed-use Building has approx. 2052 sq. ft of rentable space, plus a Basement. Both units are LEASED for a combined rental income of $2,705/mo. Both Tenants pay their own Heat and Electric. This Mixed-Use Building consists of 1st Floor Commercial Space and a 2nd Floor Residential 2BR Apartment. There are Front and Rear Entrances for both units. Access to the rear is via an alleyway off of French Ave. There are 2 parking spots in the back being used by the 2nd Floor Apartment. The 1st Floor Commercial space has been leased by the same Tenant since 2017. The Current Rent is $1,275/mo. thru March 2024, then increases to $1,300/mo. thru March 2025. The Tenant pays own Heat and Electric. The large Front Room (approx. 33x17) is being used as the showroom space. The Back Room (17x16) is being used for inventory storage, plus has a Powder Room. The Tenant also has access to the Basement for additional Storage. The 1st Floor is serviced by a newer Mini-Split system for Heat and Air Conditioning. The 2nd Floor 2 Bedroom Apartment is currently leased thru Sept. 30, 2024 @ $1,430/mo. Tenant pays Heat and Electric. A stackable Washer/Dryer and Refrigerator are included for Tenant’s use. The apartment has a large open concept Living Room/Dining Room, Kitchen with Door out to the rear NEW Deck/Stairs, 2 Bedrooms and one Bathroom. The 2nd Floor is serviced by Oil Radiator Heat. The Window A/C units belong to the Tenant. The Landlord pays the Water, Sewer, CCMUA and the PSEG service for the Hot Water Heater and some exterior common lighting. OTHER NOTABLES include: NEW Roof 2022, NEW Deck/Stairs in the back 2022, 1st Floor Mini-Split System about 3 years old, Gas Hot Water Heater about 5 years old, Separate Electric Meters for each Unit, Newer above-ground Oil Tank in the Basement (to replace the previous above ground Tank which has been disposed of). Due to the mixed-use Zoning, Commercial Financing will be needed. Plan accordingly. (Also listed in COMMERCIAL Category MLS #NJCD2043818)
...
Beds
Full Baths
2,052 ft2
2,701 ft2
Details
General
Stories
Bedrooms
Bathrooms
full
Square footage
2,052 sq. ft.
Lot size
2,701 sq. ft.
Pool
No
Year built
1915
Other
Type
Multi-family
Listing information
MLS #
NJCD2043826
APN
Listing provided by
Teresa Mckenna, EXP Realty, LLC
Attribution Contact
+18562875317
Status
Sold
Location
Neighborhood
Westmont
County
CAMDEN
12 Haddon Ave, Westmont, NJ 08108
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