$60,000
●
House -
Off Market
48 S SUMMIT AVE
PITMAN, NJ 08071
5 Beds
2 Baths
1,971 Ft²
$114,369
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model
About This Property
Calling all investors and flippers! Come check out this large 1,912
sq building with endless possibilities in need of a rehab. The
property features parking in the rear, newer windows throughout,
brand new roof with soffits. This house would be great for the
local investor looking for their next project to buy, fix, and
sell. Title is clear and ready to go. Bring all CASH offers only.
Unit Size
1,971 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$30
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1905
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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: 4 years ago (Bright MLS #1002798516)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2016 | Sold | ||
| Sold | |||
| May 7, 2016 | Listed by Keller Williams Realty - Moorestown | $239,000 | |
| Listed by Keller Williams Realty - Moorestown | |||
| | |||
|
Totally remodeled Large 3-floor house with nice open floor plan. Everything brand new inside. New hardwood floor in main level and ceramic in kitchen and one full bathroom off kitchen. New carpets in bedrooms.New top of the line kitchen with solid wood soft close cherry cabinets. Granite counter top, back splash and custom lighting under cabinets. Big island with room for seating. New bathrooms with beautiful vanities and ceramic tiles with mosaics. New plumbing and electric. Freshly painted with two tone colors. chair rail, crown molding. Laundry room with hookups by bedrooms. One bedroom in third floor and an extra room could be an office and half bath. New heat and air conditioning units. Fenced yard and back deck and big storage/enclosed bar area. Stainless steel kitchen Appliances negotiable.
| |||
| Mar 4, 2014 | Sold | ||
| Sold | |||
| Feb 3, 2014 | Listed by Resident Philly LLC | $59,995 | |
| Listed by Resident Philly LLC | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pitman
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Listed by: Chirag Patnaik
Resident Philly LLC
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# 1002798516
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Resident Philly LLC
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# 1002798516
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