557 Haddon Avenue

Description

Investor's Dream in Collingswood! Welcome to 557 Haddon Ave, a prime investment opportunity located just steps away from the vibrant downtown Collingswood strip and the PATCO station. This fully occupied duplex is a versatile gem with mixed-use potential, perfect for both commercial and residential purposes. Property Highlights: - First Floor: Commercial space available for rent or can be delivered with a tenant, this space has been recently renovated, featuring gas heat, central AC, and new flooring. The setup is ideal for maintaining the tenant for steady cash flow, or it can be reimagined for a new business venture once the lease is up or bring your own business an operate it out of the commercial space and collect rent above from the residential. Second & Third Floors:The residential unit offers 2 bedrooms and 1 full bathroom. The second-floor entry leads to a modern kitchen that opens into a spacious living room and one bedroom. The third floor houses the second bedroom. This unit has been fully rehabbed with refinished hardwood floors, new appliances, updated outlets and switches, contemporary light fixtures, and a completely remodeled bathroom. Outdoor Space:The property boasts a fenced-in yard with low-maintenance landscaping, featuring stone, mulch, and turf. Theres also access to the basement, which provides storage, utilities, and a washer and dryer. Recent Upgrades:- New GAF 30-year roof (2022) - New windows (2022) - New electrical panel (2022) - New HVAC system (2022) - New gutters (2024). The residential unit is currently leased until April 30, 2025, with a reliable tenant who has been in place for three years, paying $2,100 per month. Dont miss out on this incredible investment opportunity in one of Collingswoods most desirable locations. Whether youre looking to maintain the current setup or bring your vision to life, 557 Haddon Ave is a property with endless possibilities.