Cherry Hill NJ Multi Family for Sale
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1928
- Baths:
- MLS#:
- NJCD2074420
ADDITIONAL INFORMATION
Itâs time to QUIT RENTING and become the Landlord! Located in the desirable Cherry Hill neighborhood, minutes from the Mall on a quiet street, you can live in one 1/2 of this duplex home and rent out the other half and use the income to offset your mortgage payment. Unit A is a first floor unit and has 4 bedrooms, a living room, an eat-in kitchen, laundry area, (2) full baths and access to the full basement for storage. Unit B is an upstairs apartment and features a living room, kitchen, (2) bedrooms, (1) full bath unit with walk-up attic storage access. Unit A, which has a washer and dryer hookup can potentially be rented for $1,800.00 per month and Unit B (washer & dryer, stove, refrigerator ) last rented for $1,300.00. Tenants pay electric, gas and heat. Just imagine using either rental income to offset your overall mortgage payment. 2 car parking on the side of the home with ample of street parking in the front. Both units have separate electric, heat and water heaters. The roof is approx. 7 years old and the water heaters are less than 5 years old. Large, fenced backyard. That's right - home ownership is within your grasp and the FHA down payment requirement is only 3.5% of the purchase price! Best of all, the owner acknowledges that upgrades are needed to the kitchen and flooring and is open to negotiating a credit to the Buyer so that they can buy the cabinets, countertops and flooring of their choice!
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Cherry Hill Real Estate
The median home value in Cherry Hill, NJ is $238,600. This is higher than the county median home value of $170,800. The national median home value is $219,700. The average price of homes sold in Cherry Hill, NJ is $238,600. Approximately 60.16% of Cherry Hill homes are owned, compared to 31.49% rented, while 8.35% are vacant. Cherry Hill real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cherry Hill real estate agent to arrange a tour today!
Cherry Hill, New Jersey 08002 has a population of 22,946. Cherry Hill 08002 is more family-centric than the surrounding county with 36.33% of the households containing married families with children. The county average for households married with children is 29.33%.
The median household income in Cherry Hill, New Jersey 08002 is $78,812. The median household income for the surrounding county is $65,037 compared to the national median of $57,652. The median age of people living in Cherry Hill 08002 is 40.2 years.
Cherry Hill Weather
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 22.9 degrees. The average rainfall is approximately 46.8 inches per year, with 1.9 inches of snow per year.