Welcome to 241 Victoria St! Here's your opportunity to own an income producing duplex in Merchantville. This property is recently renovated with new appliances, floors and light fixtures. Unit A is a 3 bedroom, 1 bathroom that rents for $2250. Unit B is a 2 bedroom, 1 bathroom unit that rents for $1850. Both units are currently rented. Schedule your appointment today and check out everything this duplex has to offer. Walking distance to a playground and downtown Merchantville with lots of restaurants and shopping. Cherry Hill Mall, Merchantville Country Club, golf course and other restaurants/shops just minutes away!
Prime Location, Prime Profits: Situated in the heart of a thriving neighborhood, Park Ave is strategically positioned to attract a steady stream of tenants. Its proximity to schools, shopping centers, and public transportation ensures a high demand for rental units, translating into consistent cash flow. Don't miss out on the chance to capitalize on this prime location and maximize your profits. With its strong rental market and potential for appreciation, this property offers a solid long-term investment opportunity. Take control of your financial destiny and make a smart move by adding this 3 unit Multi-Family property to your portfolio. Secure your future and build wealth with Park Ave. Income & Expense report provided in documents. There will be an open house tour on this property, not individual showings.
The median home value in Merchantville, NJ is $335,000. This is higher than the county median home value of $276,500. The national median home value is $338,100. The average price of homes sold in Merchantville, NJ is $335,000. Approximately 56.66% of Merchantville homes are owned, compared to 34.44% rented, while 8.9% are vacant. Merchantville 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 Merchantville real estate agent to arrange a tour today!
Merchantville, New Jersey has a population of 3,797. Merchantville is less family-centric than the surrounding county with 22.7% of the households containing married families with children. The county average for households married with children is 28.19%.
The median household income in Merchantville, New Jersey is $75,568. The median household income for the surrounding county is $75,485 compared to the national median of $69,021. The median age of people living in Merchantville is 38.5 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 26.3 degrees. The average rainfall is approximately 47.4 inches per year, with 12.8 inches of snow per year.