Description
WELCOME INVESTORS TO 4616 HIGHLAND AVENUE IN BEAUTIFUL PENNSAUKEN NEW JERSEY! This income producing, cozy, interior row property lays claim to 3 bedrooms and 1 bathroom with a full walk-out basement. You do not need to worry about storage in this home! Back alley / driveway parking allows for convenient walk up to kitchen area. Additional street parking is available. Taxes are $3,079 a year. Have I told you about the best part? This home is occupied by a SECTION 8 TENANT who has occupied this property for 14 YEARS and plans to stay!!! You will receive a GUARANTEED $1,062 a month from the section 8 program plus the tenant pays $135 on top of the voucher amount.. Most landlords during the Covid-19 pandemic have not been receiving rent because tenants do not have to pay due to the eviction moratorium! Protect yourself with this amazing investment! Also, the owner is willing to be creative with how this property is purchased, whether that means the buyer assuming the current mortgage or just working out something mutually beneficial.. There are many good reasons to assume a mortgage such as tax credits, principle reduction, and little to no closing costs. Add this easy property to your portfolio or if you are a new investor looking for immediate cash flow, contact me now so we can start your portfolio!
-
3BEDS
-
0.03ACRES
-
1BATHS
-
01/2 BATHS
-
1,204SQFT
-
$116$/SQFT
Description
WELCOME INVESTORS TO 4616 HIGHLAND AVENUE IN BEAUTIFUL PENNSAUKEN NEW JERSEY! This income producing, cozy, interior row property lays claim to 3 bedrooms and 1 bathroom with a full walk-out basement. You do not need to worry about storage in this home! Back alley / driveway parking allows for convenient walk up to kitchen area. Additional street parking is available. Taxes are $3,079 a year. Have I told you about the best part? This home is occupied by a SECTION 8 TENANT who has occupied this property for 14 YEARS and plans to stay!!! You will receive a GUARANTEED $1,062 a month from the section 8 program plus the tenant pays $135 on top of the voucher amount.. Most landlords during the Covid-19 pandemic have not been receiving rent because tenants do not have to pay due to the eviction moratorium! Protect yourself with this amazing investment! Also, the owner is willing to be creative with how this property is purchased, whether that means the buyer assuming the current mortgage or just working out something mutually beneficial.. There are many good reasons to assume a mortgage such as tax credits, principle reduction, and little to no closing costs. Add this easy property to your portfolio or if you are a new investor looking for immediate cash flow, contact me now so we can start your portfolio!
©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Yellow Door Team | Douglas Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-10T23:51:47.197.