23 7TH AVE
About This Property
This tree-lined street provides a quaint "neighborhood feel" while also providing immediate access to shopping and dining on Station Ave. This single family home was converted into two units in the 1950's and has the ability to be converted back if desired. The property is just a 15 minute drive to Philadelphia or a quick train ride on the PATCO speed line.
Unit 1
Living room and to your right is the first bedroom.
Dining room is adjacent to the kitchen.
There is also a full bath and an additional bedroom.
Original hardwood floors, crown molding detail throughout.
Unit 2
Upstairs features a living room and eat-in kitchen.
Two bedrooms and one full bath.
This property is being sold AS-IS and the buyer will be responsible for all township CO certificates.
Sellers have obtained a duplex certificate with Haddon Heights for this property!
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Oct 5, 2022 | Listed by Weichert Realtors-Haddonfield | $349,000 | |
| Listed by Weichert Realtors-Haddonfield | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017