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.
The median home value in Pine Hill, NJ is $265,000. 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 Pine Hill, NJ is $265,000. Approximately 58.79% of Pine Hill homes are owned, compared to 34.46% rented, while 6.76% are vacant. Pine 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 Pine Hill real estate agent to arrange a tour today!
Pine Hill, New Jersey has a population of 10,637. Pine Hill is less family-centric than the surrounding county with 15.6% of the households containing married families with children. The county average for households married with children is 28.19%.
The median household income in Pine Hill, New Jersey is $63,892. 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 Pine Hill is 35.8 years.
The average high temperature in July is 87.1 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 46.5 inches per year, with 13 inches of snow per year.