312 North 40th Street

Pennsauken, NJ 08110

$1,250,000
Price
10
Beds
10
Baths
3,000 Sq. Ft.
$417 / Sq. Ft.
3,000
Sq. Ft.
$417
per Sq. Ft.

Description

The next proposed Group Showing (not an open house), will be Wednesday 10/2 @ 3p. Excellent investment opportunity! Property includes x10 1 Bedroom units. Features brand new water heaters, recently serviced furnaces & solar panels. Generate serious income AND save money on electricity while the solar panels power the property's common areas. Tenants also pay an additional $35/mo on water, cancelling out landlord's water/electric expenses with funds left over! Many of the units have undergone complete...The next proposed Group Showing (not an open house), will be Wednesday 10/2 @ 3p. Excellent investment opportunity! Property includes x10 1 Bedroom units. Features brand new water heaters, recently serviced furnaces & solar panels. Generate serious income AND save money on electricity while the solar panels power the property's common areas. Tenants also pay an additional $35/mo on water, cancelling out landlord's water/electric expenses with funds left over! Many of the units have undergone complete renovations including updated flooring, granite countertops & a stainless steel appliance package. Private resident parking lot out front. Access to shared laundry in the basement. Great opportunity for landlords as Pennsauken does not require annual registration with the city, only a DCA. This property is too good to miss, schedule a showing to check out this incredible cash-flow opportunity!

Property Details for 312 North 40th Street

Tax ID Number
08-01020-00038
Ownership
Fee Simple
Structure Type
Detached
Style
Contemporary
Waterfront
No
Garage
No
Municipality
CAMDEN CITY
Central Air
No
LISTING UPDATED: 09/26/2024 02:08 PM

Property Details for 312 North 40th Street

StatusActive
MLS #NJCD2057720
Days on Market388
Taxes$14,083 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.25 AC / 10,999 SF
CountyCamden County

Building Information for 312 North 40th Street

Stories-Residences4Year Built1910Building Size-Lot Size0.25 AC / 10,999 SF

Property Information for 312 North 40th Street

Location
Location
  • School District Name: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396992
  • SchoolDistrictSource: Listing Agent
  • County: CAMDEN
  • MLS Area: Camden City (20408)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $411,200
  • Year Assessed: 2023
  • Improvement Assessed Value: $361,800
  • Land Assessed Value: $49,400
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RES
  • Tax Lot: 00038
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Insurance, Sewer
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 10
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10
  • Units Leased Count: 10
  • Number Of Units Vacant: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 7
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 8
  • Type: Unit 8
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 9
  • Type: Unit 9
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 10
  • Type: Unit 10
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $25,546
Financial Information
  • Gross Scheduled Income: $116,109
  • Net Operating Income: $90,563
  • Annual Rental Income: $115,620
  • Cap Rate: 7.20
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,000.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 110.00 x 100.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1804138
Parking
Parking
  • Type Of Parking: Parking Lot
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors
  • List Agent URL: patrickgorman.kw.com

Property History for 312 North 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 312 North 40th Street

Taxable ValueLand$49,400Additions$361,800Total$411,200
Tax Record2023$14,084 ($1,174 / month)
Home Facts
Lot Size10,999 SqFtStyleMulti-Family Res (5+ Units)CountyCAMDENAPN08 01020-0000-00038

Schools near 312 North 40th Street

This home is within Camden City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Davis Elementary School
PublicPK to 8

East Side High School
Public9 to 12

Creative Arts High School
Public9 to 12

Camden Big Picture Learning Academy
Public6 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.

Similar Homes

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312 North 40th Street is a multi-family home for sale in Pennsauken, NJ 08110. This property was listed for sale on November 11, 2023 by Keller Williams - Main Street, it's currently listed at $1,250,000. It has been on the market for a total of 388 days and was last sold on March 10, 2022. This listing's school district is Camden City Public School District. Nearby schools include Davis Elementary School, East Side High School and Creative Arts High School. 312 North 40th Street is a 10-bed, 10-bath, 3,000 sqft multi-family home built in 1910.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams - Main Street

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.