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Medford,NJ 08055
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,169 sqft
Price per Sqft $143
MLS Listing ID NJBL2074728
Style Victorian
Abv Grd Liv Area 4,169
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $12,840
Tax Year 2023
Lot Size 1.140 Acres
Acres 1.14
Lot Dimensions 0.00 x 0.00
Property Description
Investor Alert! This is your opportunity to add this turn-key property to your Investment Portfolio! Located in Medford Twp on 1.14 acres, just off Rte70/SkeetsRd. This well maintained Victorian home boasts endless income possibilities. This 4/5 unit multi-family property is fully occupied with tenants who have rented for several years and would like to continue their leases. All Units have separate entrances. The 1st floor was previously used as a complete 2200 sqft Owners suite. It is currently being used as Unit 1A and Unit 1B... each having a living room, 1 bedroom, 1bathroom and share the kitchen area. The 2 floor has 2 Units, each with a living room, bedroom, eat-in kitchen and full bath. Coin operated washer and dryer located on this level. The 3rd floor unit features a large 1 bedroom suite with living room, bedroom, kitchen, bath with a shower, soaking tub and 2 vanities. All of the units have separate electric. The 3rd floor is heated and cooled by an efficient heat pump. The 1st floor and 2nd floors are heated by a boiler. The first floor has central air. Some tenants use window units. The exterior grounds are professionally landscaped and regularly maintained. Beautiful seasonal plantings and small gardens are beautifully cared for by a long term tenant. The oversized detached carriage house/ 1car-garage features a spacious loft, with room to expand for addition possible income. It is currently being used as a work shop and storage by the tenants. The long crushed stone driveway can accommodate 10+ vehicles and the spacious back yard can add opportunities for boats, trucks, trailers storage. A major remodel occurred in the late 90's which included updating the heating, electric, plumbing, walls, ceilings, and woodwork... preserving the original staircase, oak panels, balusters and stain glass windows maintaining that Old World Victorian charm. All windows were replaced with insulated windows. The exterior improvements included vinyl siding, vinyl railing, durable mahogany decking used for the wrap around porch and rear porch, lattice and columns. A New Septic System was installed 5/19, serviced and cleaned out 4/24. A New Well head/pump replaced 12/23 . Full unfinished basement houses systems. All inspections are up to date. The 5 yr State NJ Inspection was recently been completed. Please contact the township for any and all Use Variances, changes and guidelines. This is an easy investment property in a quiet country setting just minutes from Rte 70 Rte 206, Main Street Medford. No sign on property. Please do not enter the driveway or tour the grounds without an appointment.
Location
State NJ
County Burlington
Area Medford Twp (20320)
Zoning SGRA
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Hot Water,Heat Pump - Electric BackUp
Cooling Central A/C,Wall Unit
Inclusions All Existing Appliances: 4 Refrigerators, 4 Stoves/Ranges, Coin Operated Washer/Dryer
Fireplace N
Window Features Replacement
Heat Source Oil,Electric
Exterior
Exterior Feature Wrap Around,Porch(es)
Garage Garage - Front Entry,Oversized,Inside Access,Additional Storage Area,Garage Door Opener
Garage Spaces 10.0
Utilities Available Cable TV Available
Waterfront N
Water Access N
View Trees/Woods,Pasture
Roof Type Pitched
Accessibility None
Porch Wrap Around,Porch(es)
Parking Type Detached Garage,Off Site,Driveway
Total Parking Spaces 10
Garage Y
Building
Lot Description Backs to Trees,Adjoins - Open Space
Foundation Block,Concrete Perimeter
Sewer On Site Septic
Water Well
Architectural Style Victorian
Additional Building Above Grade,Below Grade
New Construction N
Schools
High Schools Shawnee H.S.
School District Medford Township Public Schools
Others
Tax ID 20-04107-00002
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard