108 Elm Street
Wenonah, NJ 08090
MLS #6954600

Multi-Family
  • 4units
  • 7beds
  • 4baths
  • 0.26acres
  • 4,307sq ft
ACTIVE $455,000
Est. P&I payment: $1737.79/mo
108 Elm Street, Wenonah, NJ 08090
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Description for 108 Elm Street, Wenonah, NJ 08090
Perfect 1031 Exchange. Home sits among reidential properties and on an expansive corner lot with mature trees. Totally rented and in excellent condition. KNob and tube wiring all gone. INVESTOR ALERT! Rare Opportunity. Welcome to the historic home of Horatio Milford, long time Wenonah resident. Originally built as a duplex and was then reconfigured during the Depression. LARGE and STATELY VICTORIAN Fourplex loaded with charm and handsome upgrades. Not on a busy street...but in a quiet residential neighborhood ON A CORNER LOT with tons of STREET parking. Four homes away from the elementary school. Currently well rented with a waiting list! ALL APARTMENTS HAVE BEEN REDONE AND SHOW EXTREMELY WELL. (pictures of all of them are in this listing) Also has TWO CAR DETACHED garages with additional rental income. Additional funds are collected from the on-site coin operated laundry. Everything is in fours! SEPARATE GAS FURNACES, ELECTRIC SERVICES, AND AND HOT WATER HEATERS for all units. Each unit pays its own utilities which are low since building was fully insulated when sided and addition of new (and huge!). Owner pays sewer and cold water bills. Gas company has just finished installation of exterior meters adding to the convenience of reading same. LARGE SHARED BASEMENT IS DRY AND OFFERS PLENTY OF STORAGE FOR TENANT'S BELONGINGS. Access to the basement is though one apartment--no exterior entrance. HOME WAS STYLISHLY REMODELED SO IT APPEARS AS ONE BUILDING. Quiet and peaceful porches welcome you. All units also have their OWN PRIVATE ENTRANCES. EACH HAS ITS OWN PORCH. The work has been done---just sit back and collect the rents! Tenants may join Wenonah Lake and/or Wenonah swim club. Easy walk to town and bus line on Mantua Ave. Make your appointment now. You will be impressed! Owner will consider a swap in a 1031 exchange.
MLS #6954600
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My Notes for MLS #6954600

General Features

  • Property Type: Multi-Family
  • Building Floors: 2.5
  • Design: Quadplex
  • Entrance: Foyer,​PrivateEntr
  • Floor: Wood,​Fully Carpeted,​Vinyl
  • Gross Square Feet: 4,307
  • Land Square Feet: 11,250
  • Total Units: 4
  • Unit 1 Lease End: YEAR/10/1/17
  • Unit 2 Lease End: YEAR/11/15/17
  • Unit 3 Lease End: YEAR/8/15/17
  • Unit 4 Lease End: YEAR/8/2/17
  • Property Age: 999
  • County: GLOUCESTER
  • Subdivision: NOT IN USE

Exterior Features

  • Water Front: N
  • Exterior: Vinyl Siding
  • Exterior Features: Sidewalks,​StreetLights,​SatelliteDsh
  • Foundation: StoneFound
  • Roof: FlatRoof,​PitchedRoof,​ShingleRoof
  • Has Garage Flag: Y
  • Garage Spaces: 2-CarGarage
  • Garage Type: Detached
  • Parking: Street,​Drvwy/Off Str

Interior Features

  • Basement: Y
  • Basement Type: Full,​Unfinished
  • Interior Features: CeilngFan(s),​CableTVAvail,​Energy Efficient Windows,​Replacement Windows
  • Three Bedroom Unit Count: 1
  • Two Bedroom Unit Count: 1
  • Baths Full Unit 1: 1
  • Beds Unit 1: 1
  • Room Count Unit 1: 4
  • Baths Full Unit 2: 1
  • Beds Unit 2: 1
  • Room Count Unit 2: 5
  • Baths Full Unit 3: 1
  • Beds Unit 3: 2
  • Room Count Unit 3: 5
  • Beds Unit 4: 3
  • Baths Full Unit 4: 1
  • Room Count Unit 4: 6

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 900
  • Unit 2 Monthly Rent: 925
  • Unit 3 Monthly Rent: 1,150
  • Unit 4 Monthly Rent: 1,200
  • Annual Insurance Expense: 2,000
  • Annual Maintanance Expense: 500
  • Annual Water Sewer Expense: 1,960
  • Tax Year: 2016
  • Total Assessment: 405,600
  • Total Taxes: 16,171

School Features

  • High School: GATEWAY REGIONAL H.S.
  • Middle School: GATEWAY REGIONAL M.S.
  • School District: Gateway Regional

Miscellaneous Features

  • New Construction: N
  • Property Condition: Average+Prop
  • Storage: Basement,​Garage
  • Type: SingleBldg

Location

 
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The listing information for 108 Elm Street, Wenonah, NJ 08090 was graciously provided by our friends at the listing brokerage, Weichert Realtors-Mullica Hill

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P&I Payment $1737.79
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Last Updated 12/14/2017 at 4:21am
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