106 PHILLIPS AVENUE
About This Property
Down the hallway, you'll find three comfortable bedrooms, each featuring hardwood flooring, generous closet space, Anderson windows, and ceiling fans. One of the bedrooms they opened a doorway to the kitchen area with an Andersen Bay window. The full hall bathroom features ceramic tile flooring, pedestal sink, tub/shower combination, linen closet, new door, and an Anderson window. A major bonus is the full basement, offering tremendous potential for additional living space, recreation, hobbies, or storage. A partially finished 14' x 11' room could easily serve as a home office, playroom, hobby room, or additional family space. The basement also includes the laundry area with existing washer and dryer, newer 100-amp electrical service and breakers installed in 2020, gas heating system, and newer gas hot water heater. The remaining basement space provides an abundance of storage and could be finished to suit your needs.
This property is an estate sale. The seller will provide the Certificate of Occupancy for the buyer, so they can move in, but does not wish to make any additional repairs. The home is priced accordingly, offering an excellent opportunity for a buyer looking to add their own personal touches. Conveniently located near local schools, shopping centers, home improvement stores, restaurants, malls, movie theaters, and numerous everyday conveniences. Easy access to the White Horse Pike, New Jersey Turnpike, Routes 42, 55, and 295 provides convenient travel to Philadelphia, Delaware, and the Jersey Shore. With its new roof, charming interior, full basement, spacious deck, and convenient Magnolia location, this home is a great opportunity. Schedule your private showing today before this one is gone!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Listed by BHHS Fox & Roach-Mullica Hill South | $275,000 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
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About Magnolia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017