SoldOct 1, 2021

Listed by Suzanne Hoover and Ronald Hoover

Source: Bright MLS #NJCD2002780

117 W Merchant St, Audubon, NJ, 08106

$300,000

0.05 ac.

MultiFam

30+ days on the market

Sold: Oct 1, 2021

What's around 117 W Merchant St

About this property

LOW TAXES, Low Maintenance and Very well Maintained INVESTMENT Opportunity! This fully rented multi-use triplex is located in the heart of Audubon on bustling Merchant Street the building benefits from being in the center of a collection of thriving businesses with plenty of street AND public parking lot parking! The first floor beautiful fully rehabbed retail shop is a popular established barber shop with a lease in place through June, 2024. This unit has full access to the full dry basement. Behind the shop with a separate rear entry is a main level studio apartment with a long term renter (who would like to stay) and is currently on a month to month lease. On the second level also with a separate entry is a 2 bedroom updated apartment with hardwood flooring, generous size rooms, light and bright with tons of natural sunlight with a washer and dryer. and a lease ending January 31, 2022. Out back there is a double driveway able to accommodate at least 4 cars. Annual rent brings $31,920 but could be much more. Convenient downtown location close to restaurants, brewery's, transportation, major highways, bridges and airport. Philly is just 7 minutes away!Monthly RENTS: Retail $800 - June 30 2024; Studio $585 month to month; 2 bedroom upper $1275 Jan 31, 2022. Roof, Hot Water Heater & driveway 4 years young. Upgraded electric - NO knob & tube.

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Seller's review

almost 5 years ago

Simply the best!

Suzanne is the best agent I have ever had the pleasure of working with!! She's an expert on the local real estate market, responsive, professional and always goes the extra mile to assist (ask her about that time she had to sign a waiver just to see a building on my behalf). She's done both residential and commercial work for me since 2017, when she came highly recommended from a friend. In turn, it is my time to highly recommend her to you, reader of this review!

S
Seller

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