$318,000
$350,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
502 CHAPEL AVE W Cherry Hill, NJ 08002
7,501 SqFt
Key Details
Sold Price $318,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,501 sqft
Price per Sqft $42
MLS Listing ID NJCD2061394
Sold Date 04/30/24
Originating Board BRIGHT
Year Built 1928
Annual Tax Amount $9,475
Tax Year 2022
Lot Size 7,501 Sqft
Acres 0.17
Lot Dimensions 50.00 x 150.00
Property Description
Excellent investment opportunity in Cherry Hill, NJ just off Route 38 and conveniently located to several major bridges offering easy access to Philadelphia. 502 Chapel Avenue features three rental units with excellent upside. This mixed use property consist of two apartments and one commercial space on the first floor. Both apartments are occupied with long term tenants and the commercial space is currently vacant. The building has one 3-bedroom unit and one 1-bedroom unit. Both units are well maintained with significant upgrades throughout including tile flooring, mechanicals, paint, upgraded kitchen & baths. The downstairs commercial space offers a large open floor plan with multiple private offices, bullpen area, kitchen and bathroom. All separate utilities in place for tenants with the landlord covering water/sewer/Insurance & Taxes. This is an excellent investment opportunity with major upside.
Location
State NJ
County Camden
Area Cherry Hill Twp (20409)
Zoning RESIDENTIAL `
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Water Access N
Accessibility None
Total Parking Spaces 5
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cherry Hill Township Public Schools
Others
Tax ID 09-00191 01-00017
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Rima Friag • Weichert Realtors - Old Bridge
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