Cherry Hill, NJ 08002,502 CHAPEL AVE W
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Cherry Hill, NJ 08002,502 CHAPEL AVE W
Cherry Hill, NJ 08002,502 CHAPEL AVE W
Cherry Hill, NJ 08002,502 CHAPEL AVE W
Cherry Hill, NJ 08002,502 CHAPEL AVE W

$318,000

Est. payment /mo

$350,000

9.1%
Est.Price: ?

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502 CHAPEL AVE W Cherry Hill, NJ 08002

7,501 SqFt

SOLD DATE : 04/30/2024

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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Bright MLS (BMLS)
Listed by Sidney Benstead • BHHS Fox & Roach-Marlton
Bought with Rima Friag • Weichert Realtors - Old Bridge
agent

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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