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311 Lakeview Drive

COLLINGSWOOD, NJ 08108
  • $600,000
  • STATUS: Active Under Contract
  • ON SITE: 97 Days
  • ID#: NJCD2022166
Under Contract
UPDATED: 98 min ago
$600,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,412
    SQFT
  • $249
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Information

Elementary School:
Middle School:

Description

Check out this unique opportunity to own a multi-family duplex in desirable Collingswood, NJ! This Victorian duplex features 2 units- Unit 1 has 3 beds and 1.5 baths. Unit 2 has 3 beds and 1 bath. Current gross rent is $50,400 annually. Both units have 9ft ceilings, hardwood floors throughout, a private 2 bay garage with an automatic door, spacious driveway parking for 4 cars, and is a short walk to Newton Lake! This first floor unit currently has long term tenants and their lease includes one bay in the two car garage and exclusive access to the backyard screened porch. Rent is $2000 per month until 6/30/2023 then the tenant has a 2 year option to renew at a rate of $2100 per month. Unit 1 tenant takes care of all exterior lawn and snow maintenance. Heading into Unit 1, you+GGll be greeted by a sizable living room with a wood burning fireplace and a beautiful bay window. The dining room features floor to ceiling windows. The kitchen is complete with tons of cabinet storage and wrap-around countertops. Rest comfortably in the spacious primary bedroom on the main floor. This unit+GGs living space continues in the basement which is finished with a bonus living room, powder room, laundry room and third bedroom with outside access. Unit 2 has a current 1 year lease in effect and includes driveway parking. The second garage bay is rented to tenants for an additional $200/month. Unit 2 rent is $2000 per month + $200 for the garage on a one year lease until Jan 31, 2023 and they have expressed interest in staying for 2 additional years. Entering Unit 2, on the second floor, the main floor is divided by glass paned doors separating the large living room and dining room. The kitchen is complete with upgraded granite countertops and brand new appliance package. Behind the kitchen sits the laundry room with extra shelving. A full bathroom with a tub/shower combo completes the main floor. The third floor houses the primary bedroom with an expansive 515 square foot walk-in closet filled with natural light. Current owner removed and rewired all knob and tube wiring for a cost of $17K, replaced all problematic windows, subdivided the garage and added electric openers. In the second floor unit the owner refinished floors, installed new appliances and granite counters and rehabbed the bathroom. This property is an incredible investment opportunity with endless possibilities - rent both units and additional parking space, convert into a single family residence, or use the property as a mix of both as an owner-occupied duplex. This location is impeccable as well - walking distance to the PATCO with service to Center City Philadelphia, and just around the corner from vibrant Haddon Ave hot spots like @hearthsidebyob, @sabrinascafe, @revolutioncoffee, @haddonculinary, @junebyob, @wildjuiceco and more. Just minutes away from most major highways and bridges to Philadelphia, Market Place at Garden State Park and Cherry Hill Mall. Don+GGt miss this terrific opportunity to own this duplex in a sought-after Collingswood!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young Group | Compass. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-06T23:52:50.053.
www.draytonyounggroup.com/homes/127252123
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311 Lakeview Drive COLLINGSWOOD, NJ 08108

  • Price: $600,000
  • Status: Active Under Contract
  • On Site: 97 Days
  • Updated: 98 min ago
  • ID#: NJCD2022166
0
Beds
0
Baths
0
½ Baths
0.18
Acres
2,412
SQFT
$249
$/SQFT
1930
Built
Neighborhood:
Collingswood Heights
County:
Camden
Area:
Collingswood Boro (20412)
Elementary School:
James A. Garfield E.S.
Middle School:
Collingswood M.S.
High School:
Collingswood Senior H.S.
School District:
Collingswood Borough Public Schools
Property Description
Check out this unique opportunity to own a multi-family duplex in desirable Collingswood, NJ! This Victorian duplex features 2 units- Unit 1 has 3 beds and 1.5 baths. Unit 2 has 3 beds and 1 bath. Current gross rent is $50,400 annually. Both units have 9ft ceilings, hardwood floors throughout, a private 2 bay garage with an automatic door, spacious driveway parking for 4 cars, and is a short walk to Newton Lake! This first floor unit currently has long term tenants and their lease includes one bay in the two car garage and exclusive access to the backyard screened porch. Rent is $2000 per month until 6/30/2023 then the tenant has a 2 year option to renew at a rate of $2100 per month. Unit 1 tenant takes care of all exterior lawn and snow maintenance. Heading into Unit 1, you+GGll be greeted by a sizable living room with a wood burning fireplace and a beautiful bay window. The dining room features floor to ceiling windows. The kitchen is complete with tons of cabinet storage and wrap-around countertops. Rest comfortably in the spacious primary bedroom on the main floor. This unit+GGs living space continues in the basement which is finished with a bonus living room, powder room, laundry room and third bedroom with outside access. Unit 2 has a current 1 year lease in effect and includes driveway parking. The second garage bay is rented to tenants for an additional $200/month. Unit 2 rent is $2000 per month + $200 for the garage on a one year lease until Jan 31, 2023 and they have expressed interest in staying for 2 additional years. Entering Unit 2, on the second floor, the main floor is divided by glass paned doors separating the large living room and dining room. The kitchen is complete with upgraded granite countertops and brand new appliance package. Behind the kitchen sits the laundry room with extra shelving. A full bathroom with a tub/shower combo completes the main floor. The third floor houses the primary bedroom with an expansive 515 square foot walk-in closet filled with natural light. Current owner removed and rewired all knob and tube wiring for a cost of $17K, replaced all problematic windows, subdivided the garage and added electric openers. In the second floor unit the owner refinished floors, installed new appliances and granite counters and rehabbed the bathroom. This property is an incredible investment opportunity with endless possibilities - rent both units and additional parking space, convert into a single family residence, or use the property as a mix of both as an owner-occupied duplex. This location is impeccable as well - walking distance to the PATCO with service to Center City Philadelphia, and just around the corner from vibrant Haddon Ave hot spots like @hearthsidebyob, @sabrinascafe, @revolutioncoffee, @haddonculinary, @junebyob, @wildjuiceco and more. Just minutes away from most major highways and bridges to Philadelphia, Market Place at Garden State Park and Cherry Hill Mall. Don+GGt miss this terrific opportunity to own this duplex in a sought-after Collingswood!
Exterior Features

Architectural Style Victorian Assigned Parking Spaces 2 Construction Materials Frame Garage Spaces 2.00 Garage Type Garage Door OpenerGarage - Front Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Features AssignedPrivateShared Driveway Parking Types Detached GarageDriveway Pool No Pool Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2412 Appliances DishwasherDisposalMicrowaveRefrigeratorWasherDryer Basement FullPartially FinishedHeatedOutside EntranceSpace For Rooms Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CWindow Unit(S) Exclusions Personal Property Of The Current Tenants Fireplace YN Yes Fireplaces Total 1 Flooring HardwoodCarpet Heating Radiator Heating YN Yes Inclusions Wall Unit Air Conditioners And All Existing Appliances Interior Features Family Room Off KitchenPantryTub ShowerUpgraded CountertopsWood Floors Rooms Total 9 Single Room Units 0 Spa YN No Three Bedroom Units 2 Two Bedroom Units 0 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2021 Central Air YN Yes Cooling Fuel Electric Cross Street Stokes Ave Existing Lease Type Long TermYearly Foundation Details Concrete Perimeter Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Collingswood Boro Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Original MLSNumber 801423466298 Owner Pays InsurancePest ControlRepairs Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 12301.00 Tax Assessment Amount 335100.00 Tax Lot 00008 Total Actual Rent 50400.00 Vacation Rental YN No Water Source Public Zoning Duplex Zoning Description Legal Duplex With Proper Rental Licenses Already Obtained

Listing courtesy of Kw Jersey/Keller Williams Jersey.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young Group | Compass. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-06T23:52:50.053.
 
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Moorestown NJ, 08057