INCREDIBLE MULTIFAMILY OPPORTUNITY - x7 Fully Occupied 1 Bedroom/1 Bathroom Units!!! Overflowing with potential to add value by billing back utilities increasing to market rents. Seller passed New Jersey DCA hotel & multiple dwellings inspection less than a year ago! Cycles generally last 5 years, so the property should not require re-inspection for some time. Shared coin-operated laundry in basement & private parking with paved driveway! Unit 1 is currently being rented for $950/mo thru 3/31/25. Unit 2 is currently being rented for $771/mo on a month to month lease. Unit 3 is currently being rented for $975/mo thru 8/31/24. Unit 4 is currently being rented for $903/mo on a month to month lease. Unit 5 is currently being rented for $1,013/mo on a month to month lease. Unit 6 is currently being rented for $1,050/mo thru 2/28/25. Unit 7 is currently being rented for $880/mo thru 3/31/24. Schedule a tour TODAY - you won't want to miss this opportunity!
Sold for $575,000 on 05/06/24
$575,000
20 W 2nd Ave, Runnemede, NJ 08078
7beds
7baths
3,000sqft
Multi Family
Built in 1930
-- sqft lot
$631,200 Zestimate®
$192/sqft
$1,770 Estimated rent
Home value
$631,200
$555,000 - $713,000
$1,770/mo
Zestimate® history
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What's special
Zillow last checked: 10 hours ago
Listing updated: May 07, 2024 at 03:53am
Listed by:
Patrick Gorman 856-200-8320,
Keller Williams - Main Street
Bought with:
Nicholas Raio, 2299650
Penzone Realty
Source: Bright MLS,MLS#: NJCD2064862
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Parking features: Asphalt, Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 7,200 sqft
Details
- Additional structures: Above Grade
- Parcel number: 300004500010 01
- Zoning: RESID
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Runnemede
- Subdivision: Runnemede Gardens
- Municipality: RUNNEMEDE BORO
HOA & financial
Other financial information
- Total actual rent: 86700
Other
Other facts
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2024 | Sold | $575,000+5.5%$192/sqft |
Source:  Bright MLS #NJCD2064862 | ||
| 4/19/2024 | Pending sale | $545,000$182/sqft |
Source: Bright MLS #NJCD2064862 | ||
| 4/16/2024 | Price change | $545,000+9.1%$182/sqft |
Source: Bright MLS #NJCD2064862 | ||
| 3/26/2024 | Listed for sale | $499,500$167/sqft |
Source: Bright MLS #NJCD2064862 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 08078
Nearby schools
GreatSchools rating
- 3/10Bingham Elementary SchoolGrades: K-3Distance: 0.3 mi
- 5/10Mary E. Volz Elementary SchoolGrades: PK,4-8Distance: 0.5 mi
- 3/10Triton High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- High: Triton
- District: Black Horse Pike Regional Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$631,200
2% more+ $12,624
With Zillow Showcase(estimated)
$643,824