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Mount Holly,NJ 08060
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,941 sqft
Price per Sqft $162
MLS Listing ID NJBL2097492
Style Colonial,Converted Dwelling
Abv Grd Liv Area 1,941
Year Built 1900
Annual Tax Amount $5,427
Tax Year 2024
Lot Size 6,072 Sqft
Acres 0.14
Lot Dimensions 25.00 x 243.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
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!
Location
State NJ
County Burlington
Area Mount Holly Twp (20323)
Zoning R2
Rooms
Basement Full,Interior Access,Unfinished
Interior
Interior Features Attic
Hot Water Natural Gas
Heating Hot Water,Radiator
Cooling None
Inclusions refrigerator, range
Equipment Refrigerator,Stove,Washer,Dryer
Fireplace N
Appliance Refrigerator,Stove,Washer,Dryer
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s),Porch(es)
Garage Spaces 2.0
Utilities Available Natural Gas Available
Water Access N
Roof Type Metal,Pitched,Shingle
Accessibility 2+ Access Exits,32\"+ wide Doors,36\"+ wide Halls,Mobility Improvements,Ramp - Main Level
Porch Deck(s),Porch(es)
Total Parking Spaces 2
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 1941
Sewer Public Sewer
Water Public
Architectural Style Colonial,Converted Dwelling
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools John Brainerd E.S.
Middle Schools F.W. Holbein M.S.
High Schools Rancocas Valley Reg. H.S.
School District Mount Holly Township Public Schools
Others
Tax ID 23-00071-00022
Ownership Fee Simple
SqFt Source 1941
Acceptable Financing Cash,Conventional,FHA,USDA,VA
Listing Terms Cash,Conventional,FHA,USDA,VA
Financing Cash,Conventional,FHA,USDA,VA
Special Listing Condition Standard