$350,000 Price Analysis    ♡   Cherry Hill, NJ 08002 4 bed None bath unknown SqFt ($0/SqFt) 7,501SqFt lot. Built 1928 Listed 2024-01-15, Taxes $9,475 | ✓ USDA Eligible near Cherry Hill, NJ |
Excellent investment opportunity in Cherry Hill
* Sale Pending *NJ off Route 38 and conveniently located to several major bridges offering easy access to Philadelphia. 502 Chapel Avenue features three rental units with excellent upside. This mixed use property consist of two apartments and one commercial space on the first floor. Both apartments are occupied with long term tenants and the commercial space is currently vacant.
The building has one 3-bedroom unit and one 1-bedroom unit. Both units are well ma intained with significant upgrades throughout including tile flooring, mechanicals, paint, upgraded kitchen and baths. The downstairs commercial space offers a large open floor plan with multiple private ffices, bullpen area, kitchen and bathroom. All separate utilities in place for tenants with the landlord covering water/sewer/Insurance and Taxes. This is an excellent investment opportunity with major upside.
Presented by Dawn Varallo at
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center.
Property MLS #NJCD2061186 from BrightMLS
Heating Features: Radiator
Heating: Yes
Lot Size Square Feet: 7501
Number of 1 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
County: CAMDEN
Source Property Type: Multi-Family
Area: CAMDEN
Source Neighborhood: CAMDEN
Postal Code Plus 4: 2313
Township: CHERRY HILL TWP
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $193,400 + $38,500 $231,900 | $9,475 |
| 2021 | $193,400 + $38,500 $231,900 | $9,505 |
| 2020 | $193,400 + $38,500 $231,900 | $9,389 |
| 2019 | $193,400 + $38,500 $231,900 | $9,384 |
| 2018 | $193,400 + $38,500 $231,900 | $9,359 |
| 2017 | $193,400 + $38,500 $231,900 | $9,231 |
| 2016 | $193,400 + $38,500 $231,900 | $9,109 |
| 2015 | $193,400 + $38,500 $231,900 | $8,295 |
| 2014 | $193,400 + $38,500 $231,900 | $8,199 |
| 2013 | $193,400 + $38,500 $231,900 | $8,005 |
| 2012 | $106,200 + $24,800 $131,000 | $7,694 |
| 2011 | $106,200 + $24,800 $131,000 | $7,540 |
| 2010 | $106,200 + $24,800 $131,000 | $7,139 |
| 2009 | $106,200 + $24,800 $131,000 | $7,553 |
| 2008 | $106,200 + $24,800 $131,000 | $7,400 |
| 2007 | $106,200 + $24,800 $131,000 | $7,084 |
$318,000
Public Record
Listed 2024-01-15
$350,000
BrightMLS
Listing removed 2012-02-06
$995
BrightMLS
Listed 2008-02-24
$995
BrightMLS
Sold 1999-06-14
$124,000
Public Record
Sold 1986-12-24
$87,000
Public Record
Sold 1979-11-01
$42,500
Public Record
Construction Materials: Brick
Property Age: 96
Structure Type: Over Storefront
House Style: Straight Thru
Architectural Style: Over Storefront
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.