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Photos
1226 MAGNOLIA AVENUE, Camden, NJ 08103
$170,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
1,454
sqft
Built in
1920
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.
Features & Amenities
Interior
- Laundry:
- Basement
- Basement:
- Partially Finished
- Flooring:
- Laminated
- A/C:
- Central A/C
- Heating:
- Y, Forced Air, Natural Gas
- Disability Feature:
- Other
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Straight Thru
Construction
- Roofing:
- Flat
- General:
- Brick, 2, Brick/Mortar
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- CAMDEN CITY SCHOOLS
- County:
- CAMDEN
Lot
- Zoning:
- R-2, 08-01271-00099
- Current Use:
- 0
Utilities
- Utilities:
- 150 Amps
- Water:
- Public
- Sewer:
- No Septic System
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Keller Williams Realty - Moorestown, Joseph L Wanamaker
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Camden, NJ
Housing
- Number of Units
- 26,099
- Median Home Value
- $83,354
- Median Rent
- $710
58.50% of housing units are renter occupied.
12.20% are vacant.
Commute
- Car
-
72.25%
- Public Transportation
-
13.36%
- Walk to Work
-
4.76%
- Work from Home
-
7.21%
- Other
-
1.88%
The median travel time to work is 27 minutes.
People
- Population
- 67,752
- Median Age
- 32.50
- Median Household Size
- 2.87
Education
- High School
-
34.98%
- Associate’s Degree
-
6.45%
- Bachelor’s Degree
-
6.77%
- Graduate Degree
-
3.86%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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