518 Race Street Palmyra, NJ 08065
Spacious corner property ideal for house hacking, live in one unit, rent the other to offset your mortgage. Great income property located in Palmyra, one of NJ’s Opportunity Zones. Invest now with tax saving opportunities. Solid Duplex with a first floor spacious 3 bedroom 1 bath, to be delivered vacant with rental potential of $1850 + per month. Second floor unit, 2 Bed 1 bath, occupied with long term tenant that would like to stay at $1050 per month. Some major components updated within the last few years like roof, and parging in the basement, gas heat unit completely rebuilt. Some cosmetics will allow this property to max out on market rental rates. Quiet residential neighborhood with oversized wood deck for tenant’s enjoyment, spacious rear yard and covered carport. As-is sale, buyer responsible for twp CO transfer.
- Property TypeSingle Family Home
- NeighborhoodNone Available
- CountyBurlington
- Taxes$6,081
- HOA/Condo/Coop Fees$0
- Days on Site62 Days
- MLS StatusPending
- MLS ID NumberNJBL2060162
- Home Size Source Assessor
- Year Built1910
- Lot Size0.09 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Victorian
- Construction Frame
- Parking Concrete DrivewayDrivewayDetached CarportOn Street
- Sewer Public Sewer
- Electric 200+ Amp Service
- Basement Full
- Number of Stories Three Or More
- Acreage 0.09
- Water Public
- Zoning RES
- Property Sub Type Single Family Residence
- Attached Garage No
- Foundation StoneBlock
Interior Features
- Cooling Window Unit(s)Electric
- Heating Baseboard - ElectricElectricNatural Gas
- Appliances RefrigeratorOven/ Range - Gas
- Laundry Features Basement
- Fireplace No
Exterior Features
- Roof AsphaltFlat
- Fencing Chain Link
- Spa No
- Waterfront Property No
- Exterior Exterior Lighting
Community Features
- Senior Community No
- MLS Area Palmyra Boro (20327)