15 MORGAN AVE
About This Property
This stately 2 story home features 3 bedrooms, 2.5 baths,full basement + 24 x 40 garage! It is situated on an oversized double lot (125 X 50)......just a couple hundred yards from the "river's edge". As you enter the enclosed front porch to the home and look to your right, you see the water. Imagine sitting on the porch having an afternoon cocktail viewing the sailboats going by. Once inside you will see the "pride in ownership". The main level features a dining area and a beautifully updated kitchen (w/half bath) accented with granite countertops, white cabinetry, and a full stainless steel appliance package. On the other side of the center staircase is a 22 X 12 "Great Room" with recently refinished hardwood floors and a gas-burning fireplace. There is also a sliding glass lending access to the backyard. The upper level offers 3 bedrooms, with the master having its own private bath, walk-in closet, and gas fireplace. There are 2 additional bedrooms and a newly renovated modern hall bath. The finished basement will make a great office, separate TV room or child's play area, etc...The oversized backyard is an additional component that makes this property spectacular! The yard is private, fully fenced & highlighted with a newer patio featuring a HOT TUB and FIREPIT! Detached from the home is a custom-built 4 car garage/workspace (only 5 years old) with electric, (MULTI-FUNCTIONAL) presently used to store classic cars. Just another feature that makes this property extra special! Only blocks away from the NJ Riverline and only a few minutes from Philadelphia. OPEN HOUSE SATURDAY JULY 10, 11-1PM
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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 |
|---|---|---|---|
| Aug 9, 2021 | Sold | ||
| Sold | |||
| Jul 8, 2021 | Listed by Compass New Jersey, LLC | $384,900 | |
| Listed by Compass New Jersey, LLC | |||
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About Palmyra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017