8 Fern Avenue Wharton, NJ 07885

Building Details

Year Built

1900

Listing agency FAIRCLOUGH REALTORS m***@gmail.com Show Phone

Listed by MARC WEITZ · License #296166 Show Phone

Source Compass

Added: May 25 Updated: Jul 21 at 10:34AM Checked: Jul 21 at 10:34AM

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Investment Insights

Based on property information with market context.

This 2-unit multifamily rehab property consists of two 2-bedroom, 1-bath apartments. One side is a complete gut rehab, while the other side is tenant-occupied and would benefit from improvements to reach market rents. The vacant unit includes a good-sized attic that could be converted to additional finished space.

The owner has completed several large-scale structural improvements, including a complete new roof and flashing, a new front deck, asbestos remediation, and electrical work, along with steel support beams in the basement. Tenants pay for all utilities except sewer.

As currently configured, the building is described as solid and ready for the next steps of renovation. The property also may be demolished and replaced with a larger multifamily building, depending on redevelopment plans.

Key Highlights

• 2‑unit multifamily on one lot: two 2BR/1BA units (one vacant, one tenant‑occupied).
• Tenant‑occupied unit is currently paying $1,400; tenant pays all utilities except sewer.
• Vacant unit includes a good‑sized attic that could be converted to additional finished space.

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FAQs

What type of property is this?

Duplex - Two 2BR/1BA units on one lot, with one vacant unit and a tenant-occupied unit requiring targeted improvements.

Where is this duplex located?

The property is located at 8 Fern Avenue Wharton, NJ.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2‑unit multifamily on one lot: two 2BR/1BA units (one vacant, one tenant‑occupied).; Tenant‑occupied unit is currently paying $1,400; tenant pays all utilities except sewer.; Vacant unit includes a good‑sized attic that could be converted to additional finished space.