308 Walnut Avenue

Gloucester City, NJ 08030

$280,000
Price
Beds
1,000 Sq. Ft.
$280 / Sq. Ft.
1,000
Sq. Ft.
$280
per Sq. Ft.

Description

Here is your chance to own an instant income producing property. The roof and 6" gutters are brand new. All the windows have been replaced. The whole exterior has been painted for a fresh look. The downstairs is a completely renovated 3 bed 1 bath apartment, with interior access to the basement and private laundry room. Complete with an all new bathroom, from the tile to shower fixtures, and all new kitchen with long lasting granite counter tops and all new appliances and cabinets. Bonus porch off...Here is your chance to own an instant income producing property. The roof and 6" gutters are brand new. All the windows have been replaced. The whole exterior has been painted for a fresh look. The downstairs is a completely renovated 3 bed 1 bath apartment, with interior access to the basement and private laundry room. Complete with an all new bathroom, from the tile to shower fixtures, and all new kitchen with long lasting granite counter tops and all new appliances and cabinets. Bonus porch off the kitchen provides extra space for an office, kids play room, or dinning room. The upstairs is an all updated 1 bath, 1 bed apartment, with loads of character. All new appliances, kitchen cabinets, bathroom and heat and AC are provided with a mini split system. BONUS....the current owners built two separate laundry facilities in the basement for each units' personal use. Plenty of parking in the driveway and off street. Close to all major highways, shopping and public transportation. A nice sized fenced in backyard for families. A garage on the property provides storage for the new owner or rent out the garage to tenants for extra income. The property has been approved with section 8. The sellers will not be making any repairs. Everything has just passed the CO for tenants. All inspections are current. Sellers will provide RE-SALE CO and fire cert, if required. Buyers are responsible for New Landlord Registration with Gloucester City. Upstairs unit-1 bed, 1 bath-Currently Rented-$1287.00 Section 8 Contract
Downstairs unit-3 bed,1 bath-Currently Rented-$2200.00
Garage-Market Value to rent-$200.00
  1. Listed by Carolyn A Warner • Penzone Realty
    P: 6092139819 warnerc1111@gmail.com

Property Details for 308 Walnut Avenue

Tax ID Number
14-00271-00005
Ownership
Fee Simple
Structure Type
Detached
Style
Bungalow
Waterfront
No
Garage
No
Expected On Market Date
05-10-2024
Municipality
GLOUCESTER CITY

Location

Listing Courtesy of Penzone Realty
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LISTING UPDATED: 05/16/2024 05:48 PM

Property Details for 308 Walnut Avenue

StatusPending
MLS #NJCD2067624
Days on Market7
Taxes$6,169 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.17 AC / 7,396 SF
CountyCamden County

Location

Listing Courtesy of Penzone Realty
Add your commute

Building Information for 308 Walnut Avenue

Stories-Residences2Year Built1925Building Size-Lot Size0.17 AC / 7,396 SF

Payment Calculator

$2,042 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,528

Property Taxes

$514

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 308 Walnut Avenue

Location
Location
  • School District Name: GLOUCESTER CITY SCHOOLS
  • School District County ID: 300200396970
  • SchoolDistrictSource: Listing Agent
  • High School: GLOUCESTER CITY JR. SR. H.S. (CAMDEN NJ)
  • HighSchoolSource: Listing Agent
  • County: CAMDEN
  • MLS Area: Gloucester City (20414)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $123,300
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $83,500
  • City Town Tax: $0
  • Land Assessed Value: $39,800
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RESIDENTIAL
  • Tax Lot: 00005
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $0
  • Operating Expense Includes: Insurance
  • Insurance Expense: $1,200
  • Trash Expense: $0
  • Pest Control Expense: $0
  • Maintenance Expense: $1,200
  • Pool Expense: $0
  • Furniture Replacement Expense: $0
  • Professional Management Expense: $0
Financial Information
  • Gross Income: $62,000
  • Annual Rental Income: $62,000
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Year Major Reno Remodel: 2023
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 87.00 x 85.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Front Yard, Private, Rear Yard
  • Parcel ID: 1855285
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway, Off Street
  • Driveway - # of Spaces: 3
  • Off Street - # of Spaces: 4
  • Parking Features: Asphalt Driveway
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen, Primary Bath(s), Recessed Lighting, Kitchen - Table Space, Tub Shower, Upgraded Countertops
  • Fireplace: No
  • Appliances: Dishwasher, Disposal, Dryer - Gas, Dryer - Electric, Water Heater, Washer, Refrigerator, Range Hood, Oven/Range - Gas, Oven/Range - Electric, Oven - Self Cleaning
  • Accessibility Features: 2+ Access Exits
  • Window Features: Double Hung, Energy Efficient, Replacement
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV Available, Electric Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Cooling Type: Window Unit(s), Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water, Wall Unit
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Electric, Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 220 Volts
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors

Property History for 308 Walnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 308 Walnut Avenue

Taxable ValueLand$39,800Additions$83,500Total$123,300
Tax Record2022$5,801 ($483 / month)
Home Facts
Beds0Total Finished SqFt972 SqFtAbove Grade Finished SqFt972 SqFtStories1Lot Size7,396 SqFtStyleSingle Family ResidenceYear Built1925CountyCAMDENAPN14 00271-0000-00005

Schools near 308 Walnut Avenue

This home is within Gloucester City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 6
Public - 4 to 8
Public - 9 to 12
Rating
School
Distance
Cold Springs School
PublicPK to 3

Mary E. Costello Elementary School
Public4 to 6

Gloucester City Middle School
Public4 to 8

Gloucester City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Penzone Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.