16 Mcclelland Avenue
Pitman, NJ 08071
MLS #7066702

  • 5units
  • 4beds
  • 4baths
  • 0.16acres
  • 2,180sq ft
ACTIVE $325,000
Est. P&I payment: $1241.28/mo
16 Mcclelland Avenue, Pitman, NJ 08071
  • 16 Mcclelland Avenue, Pitman, NJ 08071 Photo 1
  • 16 Mcclelland Avenue, Pitman, NJ 08071 Photo 2
  • 16 Mcclelland Avenue, Pitman, NJ 08071 Photo 3
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  • 16 Mcclelland Avenue, Pitman, NJ 08071 Photo 8
Description for 16 Mcclelland Avenue, Pitman, NJ 08071
Here is an Excellent Opportunity to own a very well maintained turn key Investment Property in one of South Jersey's newly developing Downtown Area! Broadway Theatre, 2 Craft Breweries, Bakeries and Restaraunts make this a local attraction that is all within walking distance. Many other shops and public transportation too!. This Building consists of 4 One Bedroom Apartments and an attached 2 Car Garage. The total available income is $46,200 with Expenses of $13,459. This leaves you with a Net Return of over $32,000 per year. That is an awesome return and guess what the building is ready to go with everything being maintained whenever necessary. Each Unit has separate Electric Meters that even includes their Washer/Dryer Hookups and Storage Cage in the basement. That's right each unit has a separate storage area in the basement that allows them to lock up bikes, seasonal decorations or whatever they need. Every unit also has a separate Laundry Hookup in the basement so that they do not have to seek an outside laundromat. The plumbing has all been updated with Pex Lines that run to each fixture. Off Street Parking is also available for the tenants use. The owner has all of the required documentation including State of NJ 5 Year Inspection Certificate, Annual Pitman Inspection, Fully Wired Basement Fire Alarm System with Monitoring (Required), Knox Box for Fire Department Access (Required). If you are looking for an investment that is ready to go opportunity is knocking!
MLS #7066702
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My Notes for MLS #7066702

General Features

  • Property Type: Multi-Family
  • Building Floors: 1
  • Design: Quadplex
  • Gross Square Feet: 2,180
  • Land Square Feet: 7,134
  • Total Units: 5
  • Unit 1 Lease End: MTH TO MTH
  • Unit 2 Lease End: 1 YEAR
  • Unit 3 Lease End: 1 YEAR
  • Unit 4 Lease End: 1 YEAR
  • Unit 5 Lease End: GARAGE AVAILABLE
  • Property Age: 87
  • County: GLOUCESTER
  • Subdivision: NONE AVAILABLE

Exterior Features

  • Water Front: N
  • Exterior: Stucco,​Other
  • Exterior Features: Sidewalks,​StreetLights
  • Foundation: BlckBrck
  • Roof: FlatRoof
  • Has Garage Flag: Y
  • Garage Spaces: 2-CarGarage
  • Garage Type: Attached
  • Parking: 4-CarParking

Interior Features

  • Basement: Y
  • Basement Type: Full,​Unfinished,​OE/WkOutBsmt
  • Interior Features: CableTVAvail
  • 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: 4
  • Baths Full Unit 3: 1
  • Beds Unit 3: 1
  • Room Count Unit 3: 4
  • Beds Unit 4: 1
  • Baths Full Unit 4: 1
  • Room Count Unit 4: 3

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 850
  • Unit 2 Monthly Rent: 900
  • Unit 3 Monthly Rent: 950
  • Unit 4 Monthly Rent: 950
  • Unit 5 Monthly Rent: 200
  • Annual Heating Expense: 1,300
  • Annual Insurance Expense: 1,124
  • Annual Other Expense: 1,656
  • Annual Water Sewer Expense: 1,200
  • Tax Year: 2016
  • Total Assessment: 194,200
  • Total Taxes: 7,999

School Features

  • High School: PITMAN H.S.
  • Middle School: PITMAN M.S.
  • School District: Pitman

Miscellaneous Features

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


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The listing information for 16 Mcclelland Avenue, Pitman, NJ 08071 was graciously provided by our friends at the listing brokerage, Weichert Realtors-Mullica Hill

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P&I Payment $1241.28
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Last Updated 02/21/2018 at 9:37pm
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