Excellent investment opportunity located off the Black Horse Pike on Kings Hwy. Just minutes from Philadelphia. This 4 unit building has 3 apartments and a retail store front. The store front is occupied by a salon for 6 years. The apartments consist of two large (2) bedroom units and a large (1) Bedroom unit, that was recently renovated. The store front (approx. 900sqft) has been set up as a salon for 20 plus year. The two (2) BR units have been occupied by the same tenants for 16 and 25 years. Each apartment has a washer and dryer, separate entrances and separate utilities. The building shows well and has great rental history with excellent upside on the current rents. The property is located on a corner lot with off street parking on the side and rear of building.
The median home value in Mount Ephraim, NJ is $260,000. This is lower than the county median home value of $276,500. The national median home value is $338,100. The average price of homes sold in Mount Ephraim, NJ is $260,000. Approximately 59.39% of Mount Ephraim homes are owned, compared to 35.96% rented, while 4.65% are vacant. Mount Ephraim 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 Mount Ephraim real estate agent to arrange a tour today!
Mount Ephraim, New Jersey has a population of 4,632. Mount Ephraim is more family-centric than the surrounding county with 28.21% of the households containing married families with children. The county average for households married with children is 28.19%.
The median household income in Mount Ephraim, New Jersey is $82,976. 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 Mount Ephraim is 37 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 27.2 degrees. The average rainfall is approximately 45.1 inches per year, with 13.2 inches of snow per year.