300 Monroe Avenue Cherry Hill, NJ 08002
It’s time to QUIT RENTING and become the Landlord! Located in the desirable Cherry Hill neighborhood, minutes from the Mall on a quiet street, you can live in one 1/2 of this duplex home and rent out the other half and use the income to offset your mortgage payment. Unit A is a first floor unit and has 4 bedrooms, a living room, an eat-in kitchen, laundry area, (2) full baths and access to the full basement for storage. Unit B is an upstairs apartment and features a living room, kitchen, (2) bedrooms, (1) full bath unit with walk-up attic storage access. Unit A, which has a washer and dryer hookup can potentially be rented for $1, 800.00 per month and Unit B (washer & dryer, stove, refrigerator ) last rented for $1, 300.00. Tenants pay electric, gas and heat. Just imagine using either rental income to offset your overall mortgage payment. 2 car parking on the side of the home with ample of street parking in the front. Both units have separate electric, heat and water heaters. The roof is approx. 7 years old and the water heaters are less than 5 years old. Large, fenced backyard. That's right - home ownership is within your grasp and the FHA down payment requirement is only 3.5% of the purchase price! Best of all, the owner acknowledges that upgrades are needed to the kitchen and flooring and is open to negotiating a credit to the Buyer so that they can buy the cabinets, countertops and flooring of their choice!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyCamden
- Taxes$7,912
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusActive
- MLS ID NumberNJCD2074420
- Home Size Source Assessor
- Year Built1928
- Lot Size0 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style ColonialConverted Dwelling
- Construction Block
- Parking Crushed StoneGravel DrivewayPrivateDrivewayOff Street
- Sewer Public Sewer
- Electric Circuit Breakers
- Basement Full
- Acreage 0
- Water Public
- Cross Street W. Grant Avenue
- Property Sub Type Duplex
- Attached Garage No
- Foundation Block
- Zoning RESIDENTIAL
Interior Features
- Cooling Window Unit(s)Electric
- Heating Baseboard - ElectricHot WaterElectricOil
- Interior Attic
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
- Exterior SidewalksStreet Lights
- Patio And Porch Deck(s)
Community Features
- MLS Area Cherry Hill Twp (20409)