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43 South Smith Terrace

Clementon NJ 08021

4
2
2140 sq. ft.
5001 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Investor Opportunity ? Income-Producing 4BR/2BA Rental with Long-Term Tenant This spacious 4-bedroom, 2-bathroom property offers 2,140 sq. ft. of living space with a solid foundation and excellent value-add potential. Currently rented at $1,950/month to a long-term Section 8 tenant who has been in place for over 10 years and wants to remain, this investment provides guaranteed income with zero vacancy risk. Features include a large kitchen with white cabinetry and granite countertops, updated bathrooms, and oversized living areas. While the property could benefit from some finishing touches, it presents strong upside for appreciation or increased rental value. With annual gross rent of $23,400, property taxes of $6,484, and estimated landlord-paid utilities (water/sewer + trash) at $1,500/year, the Net Operating Income comes to $15,416 annually. Priced at $270,000, the estimated cap rate is 5.71%. Conveniently located near parks, shopping centers, and major highways, this property is a turnkey, stable, income-generating asset with long-term upside in a growing South Jersey rental market.

Features

4 bedrooms
2 bathrooms
2140 sq. ft. floor area
5001 sq. ft. lot size
Single-Family

Property history for 43 South Smith Terrace

2024
Sold
$210,000
29 Aug 2024 by Jennifer Toughill, of J Morgan Propery Management

Happy sellers in Clementon

90%
90% of sellers in Clementon reported that their sale price either exceeded or met their price expectations.

Clementon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Clementon over the last 12 months.

Local market activity for 4 bedroom single-family properties in Clementon

In the last 12 months, 87 four-bedroom single-family properties similar to 43 South Smith Terrace, have been sold.

This represents a 24% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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