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$ 449,000
Est. payment /mo
Price Dropped by $20K
701 Monmouth Road Chesterfield, NJ 08515
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 592066
Bedrooms 2
Full Baths 2
Year Built 1910
Annual Tax Amount $9,195
Tax Year 2025
Property Sub-Type Duplex
Property Description
Discover the potential of this newly listed multi-family property, nestled in the heart of Crosswicks, NJ. This unique duplex, partially under renovation, includes a three-bedroom unit and a two-bedroom unit, each boasting a bathroom and separate gas and electric meters to ease management. Currently, the three-bedroom unit generates $1,400 in rental income but has the potential to fetch up to $2,500 monthly in the prevailing market. Spanning 2,400 square feet, the residence sits on a generously sized lot, promising ample outdoor space for relaxation or gatherings. Residents will enjoy the convenience of dedicated parking spaces, enhancing the appeal for potential renters. Situated near top-rated Northern Burlington County Regional High School and just a short drive from essentials at New Egypt Marketplace, this location effortlessly blends suburban tranquility with accessibility. Green Acres Park and efficient public transportation of E Main St at Fort Dix St bus station are also within easy reach, adding to the lifestyle benefits. Ideal for investors seeking to capitalize on rental income opportunities or multi-generational families looking for a versatile living arrangement. This property is a prime choice that combines convenience, potential, and a welcoming neighborhood vibe.
Location
State NJ
County Burlington
Community Chesterfield
Area Burlington County
Interior
Heating Gas-Natural
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by WEICHERT REALTORS ASBURY GROUP-AC