$310,000
●
House -
Off Market
1240 Emerick Avenue
Florence, NJ 08554
2 Beds
2 Baths
$1,847
Est. Monthly
8.49%
Cap Rate
About This Property
Welcome to 1240 Emerick Ave, a charming ranch-style home in
Florence Township offering the perfect blend of modern upgrades and
cozy living. The front of the home welcomes you with a spacious
front porch, perfect for relaxing outdoors. This 2-bedroom,
2-bathroom home features beautiful hardwood floors throughout the
main level, which includes a bright living room, an eat-in kitchen,
and two generously sized bedrooms. The main bathroom has been
completely renovated and conveniently houses a stackable washer and
dryer for added efficiency. This home offers a
good-sized backyard with a shed, offering ample outdoor space and
storage. The fully finished basement provides extra recreational
space, with recessed lighting, vinyl plank flooring, and two large
closets for plenty of storage. Recent upgrades include
basement waterproofing with a French drain and sump pump, a new
sewer line, new pull-down attic stairs, fresh landscaping, and the
installation of a new bathroom in the basement. This
move-in-ready home is not to be missed! Schedule a showing today
and make 1240 Emerick Ave your new home. Showings start October
13th.
Unit Size
-
Days on Market
59 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1953
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Cap Rate
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 (CJMLS #2504575R)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Oct 26, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by MOVERITE REAL ESTATE LLC | $295,000 | |
| Listed by MOVERITE REAL ESTATE LLC | |||
| Oct 12, 2021 | Sold | ||
| Sold | |||
| Sep 10, 2021 | Listed by RE/MAX at Home | $165,000 | |
| Listed by RE/MAX at Home | |||
| | |||
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Cute as can be, this detached bungalow offers two spacious bedrooms, an updated kitchen, and a spacious living room. There are probably wood floors under the living room, hallway, and bedrooms. Look inside the bedroom closet and see the existing wood that is probably under the carpeting. The bathroom has been updated over the years and is wide enough to include a stack washer/dryer unit for easy access to laundry. There is a roofed front porch to enjoy, which leads to your front entry. The basement does get some water with heavy rainfall, and the seller is disclosing as this sale will be in an as-is condition. Municipal inspections will be the responsibility of the new purchaser, too. The basement does offer a bilco door access from the rear yard and in-home access from the kitchen. For those looking to downsize or for a great starter home, you cannot beat this one! Off-street driveway parking and an outstanding location. Take a look as soon as possible and send your best offer!!
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: MICHELE GOMEZ
MOVERITE REAL ESTATE LLC
Last Updated: 2 years ago
Data Source: CJMLS , MLS# 2504575R
MOVERITE REAL ESTATE LLC
Last Updated: 2 years ago
Data Source: CJMLS , MLS# 2504575R
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017