Investment Opportunity in Pine Hill, New Jersey! Welcome to 322 Erial Rd., a fantastic multi-family duplex that presents a lucrative investment opportunity in the vibrant neighborhood of Pine Hill, New Jersey. This corner duplex, nestled on a substantial lot size of 50 by 140, boasts tons of amenities that make it a desirable asset. The property features a two-car garage, along with additional driveway parking for two cars, ensuring ample parking space for residents and guests. Situated on a spacious lot adorned with lush grass and trees, the duplex offers a tranquil and picturesque setting for its occupants. Each unit within the duplex comes with its own private entrance, providing residents with privacy. Unit 1 comprises two bedrooms and one bath, meticulously updated to exude a contemporary aesthetic. The modern kitchen is a standout feature of this unit, equipped with white shaker cabinets, expansive countertops, energy-efficient appliances, and a subway tile backsplash. Sunlit and airy, the kitchen is a delightful space for culinary enthusiasts. The unit also features two well-proportioned bedrooms and a lavish full bathroom adorned with oversized glamor vanity and mirror, finished in gleaming white ceramic tiles. Unit 2 mirrors the same level of quality and sophistication as its counterpart. This unit includes new high-end carpets, a fully equipped kitchen with white shaker cabinets and updated appliances, and a full ceramic tile bath, Abundant natural light floods the living spaces, creating a warm and inviting ambiance. Additionally, the property includes a clean lower-level basement with great mechanicals separate central air systems for each unit, as well as a designated washer and dryer area for convenience, Newer Roofs as well ! Currently, the two-bedroom unit is rented on a month-to-month basis for $1500 which can rent for more while the one-bedroom unit was previously rented for $1000 per month. These rental incomes make this investment an attractive option for prospective buyers looking to expand their portfolio. Don't miss out on the opportunity to add 322 Erial Rd. Located in Pine Hill area, this property is conveniently positioned near major shopping centers and transportation hubs, making it a convenient and lucrative investment opportunity.
***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 $104,600. This is lower 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 $104,600. Approximately 33.59% of Clementon homes are owned, compared to 54.4% rented, while 12.02% 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 08021 has a population of 17,481. Clementon 08021 is less family-centric than the surrounding county with 25.36% 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 08021 is $41,346. 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 08021 is 34 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 46.3 inches per year, with 1.9 inches of snow per year.