217 41 St Pennsauken Township, NJ 08110
- Commercial real estate
- 0.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 217 41 St
- Year built
- 1954
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two fully occupied, two-unit duplexes located at 217 N 41st St in Pennsauken Township, NJ, 08110. Built in 1954, this property sits on a 0.06-acre lot and offers a compelling combination of strong rental income and significant upside potential. Currently generating $47,112 in Net Operating Income (NOI) with a 7.20% capitalization rate, the pro-forma NOI is projected at $55,206, representing an 8.50% pro-forma cap rate. Each duplex features two 2-bedroom, 1-bathroom units, all currently rented, providing a total of four units. Residents enjoy the convenience of private laundry facilities within each unit, individually metered utilities, and ample off-street parking. The property also boasts a large shared backyard. This prime location offers easy access to major roads and bridges, providing convenient access to Philadelphia, approximately 3 miles from the Ben Franklin Bridge. The asking price for this property is $325,000. Note: This property is being sold as part of a package deal with a neighboring duplex (MLS# NJCD2074716, Tax ID #: 08-01034-00067) for a combined price of $650,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pennsauken Township
- County
- Camden
- State
- New Jersey
- Longitude
- -75.070708539662
- Latitude
- 39.953949390247
