Skip To Content

21-23 Lake Avenue

SWEDESBORO, NJ 08085
  • $259,900
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: NJGL2014732
UPDATED: 5 min ago
$259,900
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,328
    SQFT
  • $112
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

This charming side by side duplex in the heart of Swedesboro is within walking distance of downtown. The exterior features nice front porches, low maintenance vinyl siding, an architectural shingle roof, vinyl windows, and off street parking (via an alley from Kings Hwy). Pictures are exterior, 21 Lake, and then 23 Lake. 21 Lake is a 3 bedroom, 1.5 bath unit rented at $1411 per month. The main floor features a bedroom, dining area, an eat in kitchen with tile floors & ample cabinets, a half bathroom, and a living room. Upstairs are 2 more generously sized bedrooms and a huge full bathroom. The third floor finished attic could be a perfect space for an office or play area. This unit is served by a gas boiler in their side of the basement. 23 Lake is 3 bedrooms, 1 bathroom ($1410 per month as $1300 per rent plus $110 per month for water due as additional rent) and has a mud room off the back, a large eat in kitchen, a dining room, plus a living room. Upstairs are the 3 spacious bedrooms, and a recently updated full bathroom with vinyl tub surround and newer vanity. This unit is served by a gas forced air heater (2016), so ductwork is in place if someone wanted to add central air. It is located in this side of the basement for this unit. Both leases are month to month, so this could also be a great opportunity for an owner occupant. Annual gross rents of $33,852. Net operating income before debt of $20,268. CAP rate about 8.62%. Potential to increase gross rents to $37-38,000 per year. Public water. Public sewer. Another money making duplex is also available at 520-522 2nd St, Swedesboro!

Monthly Payment Calculator



©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-07T08:55:02.6.
www.njhousehunter.com/homes/129582781
Print Image

21-23 Lake Avenue SWEDESBORO, NJ 08085

  • Price: $259,900
  • Status: Active
  • On Site: 29 Days
  • Updated: 5 min ago
  • ID#: NJGL2014732
0
Beds
0
Baths
0
½ Baths
0.09
Acres
2,328
SQFT
$112
$/SQFT
1920
Built
Neighborhood:
Swedesboro Boro (20817)
County:
Gloucester
Area:
Swedesboro Boro (20817)
School District:
Swedesboro-Woolwich Public Schools
Property Description
This charming side by side duplex in the heart of Swedesboro is within walking distance of downtown. The exterior features nice front porches, low maintenance vinyl siding, an architectural shingle roof, vinyl windows, and off street parking (via an alley from Kings Hwy). Pictures are exterior, 21 Lake, and then 23 Lake. 21 Lake is a 3 bedroom, 1.5 bath unit rented at $1411 per month. The main floor features a bedroom, dining area, an eat in kitchen with tile floors & ample cabinets, a half bathroom, and a living room. Upstairs are 2 more generously sized bedrooms and a huge full bathroom. The third floor finished attic could be a perfect space for an office or play area. This unit is served by a gas boiler in their side of the basement. 23 Lake is 3 bedrooms, 1 bathroom ($1410 per month as $1300 per rent plus $110 per month for water due as additional rent) and has a mud room off the back, a large eat in kitchen, a dining room, plus a living room. Upstairs are the 3 spacious bedrooms, and a recently updated full bathroom with vinyl tub surround and newer vanity. This unit is served by a gas forced air heater (2016), so ductwork is in place if someone wanted to add central air. It is located in this side of the basement for this unit. Both leases are month to month, so this could also be a great opportunity for an owner occupant. Annual gross rents of $33,852. Net operating income before debt of $20,268. CAP rate about 8.62%. Potential to increase gross rents to $37-38,000 per year. Public water. Public sewer. Another money making duplex is also available at 520-522 2nd St, Swedesboro!
Exterior Features

Architectural Style ColonialVictorian Construction Materials Frame Door Features Six Panel Garage YN No Other Structures Above GradeBelow Grade Parking Features Dirt Driveway Parking Types DrivewayOff Street Pool No Pool Property Condition Very GoodGood Riparian Rights YN No Roof Architectural Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2328 Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplaces Total 0 Flooring CarpetCeramic TileHardwoodLaminated Heating Forced AirBaseboard - Hot Water Heating YN Yes Interior Features CarpetCombination Kitchen/DiningDining AreaEntry Level BedroomKitchen - Eat-InKitchen - Table SpaceWood Floors Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 0 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventionalFhaVa Accessibility Features None Assessment Year 2021 Central Air YN No Cooling Fuel Electric Electric 100 Amp Service Existing Lease Type Month To Month Foundation Details Block Gross Income 33852.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 1055.00 Maintenance Expense 2100.00 Municipality Swedesboro Boro Navigable Water YN N Net Operating Income 20268.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Operating Expense Includes Insurance Original MLSNumber 801495182410 Owner Pays SewerWaterTaxes - Real Estate Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days CdImmediateNegotiable Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 7151.00 Tax Assessment Amount 169900.00 Tax Lot 00019 Total Actual Rent 33852.00 Vacation Rental YN No Water Source Public Window Features Replacement Zoning R

Listing courtesy of Bhhs Fox & Roach-Washington-Gloucester.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-07T08:55:02.6.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_801495182410-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_801495182410-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_801495182410-2.jpg
Logo
Holloway Real Estate Group | eXp Realty
102 Centre Blvd. Suite J
Marlton NJ, 08053