***Listing Agent will be holding showing on Thursday, 7/25 from 2pm-5pm and Friday, 7/26 from 10am-1pm. Please use showtime to schedule your time slot - Appointments are required. *** Excellent investment opportunity in Clementon, NJ. Conveniently located within minutes of interstate 295 and the NJ Turnpike offering easy access to Philadelphia. 348 White Horse Pike features three fully occupied rental units with long-term tenants and excellent rental income. The front building is a duplex that consists of a 2-bedroom unit and a 1-bedroom unit. The rear building is an efficiency and connected to the 3 bay garage space. All units are well maintained with upgrades throughout. There is a 3 bay garage just under 1,500 sq. ft. for additional rental income or storage. The garage is roughly 34 X 36 ft with clear span and high ceilings. The lot is roughly .50 acre of ground that would be great for outside storage for contractor, small business and light industrial (all subject to town approval). This is an excellent investment opportunity with major upside.
Rent for unit A $1,690.00 lease expires 4/30/2025. Rent for unit B $1,550.00 lease expires 4/30/2026. Newer roof. Units were recently updated 2024. Garage is separate and can be rented out for additional income. Property has potential commercial possibilities. Large lot and good location. Tenants need 24 hours notice. Photos are from before tenant move in and may not accurately depict current condition.
The median home value in Clementon, NJ is $286,550. 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 Clementon, NJ is $286,550. Approximately 59.1% of Clementon homes are owned, compared to 33.53% rented, while 7.37% are vacant. Clementon 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 Clementon real estate agent to arrange a tour today!
Clementon, New Jersey has a population of 4,933. Clementon is less family-centric than the surrounding county with 21.19% of the households containing married families with children. The county average for households married with children is 29.33%.
The median household income in Clementon, New Jersey is $52,634. 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 Clementon is 39.2 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 23.7 degrees. The average rainfall is approximately 46.4 inches per year, with 10.2 inches of snow per year.