$241,000
●
House -
Off Market
311 VETERANS DR
PALMYRA, NJ 08065
3 Beds
1 Bath
912 Ft²
$1,105
Est. Monthly
About This Property
Fantastic investment opportunity! This charming 3-bedroom, 1-bath
rancher is located on a cul-de-sac in a quiet and well-established
neighborhood, ideal for families or renters seeking tranquility.
The property offers:
Spacious Living Area: Open floor plan with natural light.
Single-Level Convenience: Perfect for all age groups.
Large Yard: Ample outdoor space for landscaping or expansion.
Unfinished Basement: Potential for adding to the living space.
Quiet Location: Peaceful surroundings yet convenient to schools, parks, shopping centers, and major highways.
Rental Potential: Strong rental demand in the area, making this an attractive buy-and-hold investment.
Upgrade Potential: Add value with modern updates and renovations to increase equity or rental income.
Priced competitively, this property is perfect for a savvy investor looking to add to their portfolio. Don't miss out on this excellent opportunity! Property is AS-IS. Buyer Responsible for Certificate of Occupancy.
Spacious Living Area: Open floor plan with natural light.
Single-Level Convenience: Perfect for all age groups.
Large Yard: Ample outdoor space for landscaping or expansion.
Unfinished Basement: Potential for adding to the living space.
Quiet Location: Peaceful surroundings yet convenient to schools, parks, shopping centers, and major highways.
Rental Potential: Strong rental demand in the area, making this an attractive buy-and-hold investment.
Upgrade Potential: Add value with modern updates and renovations to increase equity or rental income.
Priced competitively, this property is perfect for a savvy investor looking to add to their portfolio. Don't miss out on this excellent opportunity! Property is AS-IS. Buyer Responsible for Certificate of Occupancy.
Unit Size
912 Ft²
Days on Market
41 days
Land Size
0.20 acres
Price per sqft
$247
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1950
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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 #NJBL2071906)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 20, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Listed by Sureway Realty | $225,000 | |
| Listed by Sureway Realty | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Palmyra
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Listed by: Renee Nichols
Sureway Realty
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJBL2071906
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Sureway Realty
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJBL2071906
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Address: 335 Madison Avenue, New York, NY 10017