503 Delair Avenue

Pennsauken, NJ 08110

$1,500,000
Price
14
Beds
13
Baths
3,000 Sq. Ft.
$500 / Sq. Ft.
3,000
Sq. Ft.
$500
per Sq. Ft.

Description

INCREDIBLE investment opportunity! Property located on quiet street near betsy ross bridge features x12 one Bedroom units which are completely tenant occupied. x1 unit on the end of the building features two bedrooms. well-maintained Basement has been recently redone & offers new concrete floors & an abundance of extra storage. Conveniently located near various major highways with easy access into Philly for commuters. Landlord to provide DCA with the sale. Great opportunity for landlords as Pennsauken...INCREDIBLE investment opportunity! Property located on quiet street near betsy ross bridge features x12 one Bedroom units which are completely tenant occupied. x1 unit on the end of the building features two bedrooms. well-maintained Basement has been recently redone & offers new concrete floors & an abundance of extra storage. Conveniently located near various major highways with easy access into Philly for commuters. Landlord to provide DCA with the sale. Great opportunity for landlords as Pennsauken does not require annual registration with the city, only a DCA which was completed earlier last year. You won't want to miss this multi-family property with endless income potential! Offer memorandum w/ rent roll can be found in the Bright documents. The next proposed Group Showings (not an open house), will be Wed (12/11) @ 3:00p
  1. Listed by Patrick M Gorman • Keller Williams - Main Street
    P: (856)-200-8320 patrick.gorman@gormangrouprealtors.com

Property Details for 503 Delair Avenue

Tax ID Number
27-01309-00007
Ownership
Fee Simple
Structure Type
Detached
Style
Contemporary
Waterfront
No
Garage
No
Municipality
PENNSAUKEN TWP
Central Air
No
LISTING UPDATED: 12/02/2024 02:20 PM

Property Details for 503 Delair Avenue

StatusActive
MLS #NJCD2057718
Days on Market335
Taxes$20,319 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.17 AC / 7,501 SF
CountyCamden County

Building Information for 503 Delair Avenue

Stories-Residences4Year Built1910Building Size-Lot Size0.17 AC / 7,501 SF

Property Information for 503 Delair Avenue

Location
Location
  • School District Name: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200396992
  • SchoolDistrictSource: 3rd Party
  • High School: PENNSAUKEN (CAMDEN NJ)
  • HighSchoolSource: 3rd Party
  • County: CAMDEN
  • MLS Area: Pennsauken Twp (20427)
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: $476,100
  • Year Assessed: 2023
  • Improvement Assessed Value: $440,100
  • Land Assessed Value: $36,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RES
  • Tax Lot: 00007
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 12
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 1,Unit 2,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10
  • Units Leased Count: 12
  • Number Of Units Vacant: 1
  • Vacancy Allowance Rate: 5.00%
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 6
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 7
  • Type: Unit 8
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 8
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
Unit 9
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
Unit 10
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 11
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 12
  • Type: Unit 9
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 13
  • Type: Unit 10
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $36,711
Financial Information
  • Gross Income: $145,715
  • Net Operating Income: $109,004
  • Annual Rental Income: $147,984
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 7.30
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: 50.00 x 150.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1906017
Parking
Parking
  • Type Of Parking: On Street
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: Radiator
  • 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 503 Delair 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 503 Delair Avenue

Taxable ValueLand$36,000Additions$440,100Total$476,100
Tax Record2023$20,320 ($1,693 / month)
Home Facts
Stories2Lot Size7,501 SqFtStyleMulti-Family Res (5+ Units)CountyCAMDENAPN27 01309-0000-00007

Schools near 503 Delair Avenue

This home is within Pennsauken Township Board Of Education School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 6 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Delair Elementary School
PublicK to 3

Howard M Phifer Middle School
Public6 to 8

Pennsauken High School
Public9 to 12

Longfellow Elementary School
PublicK to 4

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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503 Delair Avenue is a multi-family home for sale in Pennsauken, NJ 08110. This property was listed for sale on December 1, 2023 by Keller Williams - Main Street, it's currently listed at $1,500,000. This listing's school district is Pennsauken Township Board Of Education School District. Nearby schools include Delair Elementary School, Howard M Phifer Middle School and Pennsauken High School. 503 Delair Avenue is a 14-bed, 13-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.