1226 Magnolia Avenue Camden, NJ 08103
Discover a prime CASH FLOWING INVESTMENT OPPORTUNITY! with "The Horn of Plenty" on Magnolia Ave , a tenant-occupied property generating steady income. This traditional brick townhouse, a staple of Camden’s Parkside historic charm, offers immediate landlord potential with an $800/month paying tenant whose lease is secure until December 31st, 2024. Key Features: Tenant Occupied: Enjoy immediate rental income from reliable tenants who consistently pay on time. Recent Updates: New flooring, a modern hot water heater, furnace, and updated roof and gutters ensure minimal maintenance costs. Spacious Layout: The home boasts 3 bedrooms and 1.5 bathrooms, offering ample space for tenants. The finished basement provides extra living or storage space. Charming Interior: Warm, chestnut-like flooring and a cozy interior create an inviting atmosphere that tenants love. Outdoor Space: A spacious backyard offers room for relaxation or further enhancement to increase property value. Potential for Modernization: While the home is move-in ready, there’s still room for additional renovations to increase its appeal and rental value. Perfect for investors looking to step into a stable rental market with a property that has both historical charm and modern comforts. Don't miss this chance to expand your portfolio with a property that promises both immediate returns and long-term value. Essentially Estate Sale. Buyer's are responsible of obtaining CCO and Fire Certification from the City of Camden.
- Property TypeSingle Family Home
- NeighborhoodParkside
- CountyCamden
- Taxes$2,883
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID NumberNJCD2075400
- Home Size Source Assessor
- Year Built1920
- Lot Size0.04 Acres
- Full Baths1
- Partial Baths1
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General Features
- Style Straight Thru
- Construction Brick
- Parking DrivewayOn Street
- Basement Partially Finished
- Number of Stories 2
- Acreage 0.04
- Water Public
- Attached Garage No
- Foundation Brick/ Mortar
- Zoning R-2
Interior Features
- Cooling Central A/ CNatural Gas
- Heating Forced AirNatural Gas
- Flooring Laminated
- Laundry Features Basement
- Fireplace No
Exterior Features
- Roof Flat
- Spa No
- Waterfront Property No
Community Features
- Pets Yes
- Senior Community No
- MLS Area Camden City (20408)