$2,461,200
●
Land -
In Contract
0 RICHWOOD ROAD
MULLICA HILL, NJ 08062
Studio
0 Bath
$12,217
Est. Monthly
0.94%
Cap Rate
About This Property
BUILDER ALERT! This listing is comprised of 2 remaining
separately deeded lots. Lot 6 is along Richwood & Ewan Rds
and lot 7.01 is back behind lot 6 off Ewan Rd. Beautiful and
level parcels of land, consists of 2 remaining lots totaling
40+/- acres. The property is currently being farmed - PLEASE DO NOT
ENTER or DRIVE ONTO THE PROPERTY. It is just a couple of
minutes to the Rt 55 onramps at Route 322 and a quick commute
to Philadelphia. It is very close to Rowan University and
Inspira Medical Center. Buyer is responsible for all due
diligence for their desired use of the parcels.
RICHWOOD OUTPARCELS - PRELIMINARY INVESTIGATION
(AMENDED)
HARRISON TOWNSHIP, NJ
December 29, 2021
Block: 17 - Lots: 3,4,6, & 7.01
RICHWOOD OUTPARCELS - PRELIMINARY INVESTIGATION
(AMENDED)
HARRISON TOWNSHIP, NJ
December 29, 2021
Block: 17 - Lots: 3,4,6, & 7.01
Unit Size
-
Days on Market
-
Land Size
64.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
$131
HOA Dues
-
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #NJGL2037568)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Jan 2, 2024 | Listed by Home and Heart Realty | $2,461,200 | |
| Listed by Home and Heart Realty | |||
| Jun 6, 2022 | Sold | ||
| Sold | |||
| Jan 25, 2022 | Listed by Glen Cove Real Estate | $150,000 | |
| Listed by Glen Cove Real Estate | |||
| | |||
|
Cleared and ready for your dream home or 2 homes. *** 2.3 Acres!! *** You can put a house facing Richwood rd or Ellis Mill or catty corner to the intersection. ***Could subdivide and put one in Richwood and the other facing Ellis Mill. ***Close to 55, to Glassboro shopping, Rowan University and Mullica Hill Main Street Shopping ***1 acre zone *** Could also be office/commercial per zoning. ***Survey, soil samples and zoning requirements available upon request. *** Clearview Regional High School and Harrison Twp and Pleasant Valley elementary schools too. ***Call today
| |||
| Apr 10, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Exterior Details
Lot Size Area: 2807006.4
Lot Size Units: Square Feet
Lot Size Acres: 64.44
Lot Size Square Feet: 2807006.4
Tax Lot: 4, 6, 7.01
Water Source: None
Financial Details
Tax Assessed Value: $49,300
Tax Annual Amount: $1,576
Utilities Details
Sewer : No Septic System
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Richwood
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Listed by: Jody McQuade
Home and Heart Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJGL2037568
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Home and Heart Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJGL2037568
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Address: 335 Madison Avenue, New York, NY 10017