🚀Magnolia NJ | 4 Unit Multifamily | Generating $69.9k Yearly💲

This 4-unit multifamily property located in Mangolia NJ spans two buildings, featuring a mix of 2-bed, 4-bed, and 1-bed units, totaling 9 bedrooms and 4 bathrooms. The front house includes Apt A (2 bed/1 bath) and Apt B (4 bed/1 bath), while the back house has Apt C (1 bed/1 bath) and Apt D (2 bed/1 bath). Proximity to schools, town/community resources, parks and both the Somerdale and Voorhees Town Center make it an ideal location. With multiple income streams and high rental demand, this is a perfect addition to any portfolio.

ASKING: $499k

✨Property Highlights✨

9 Bedrooms, 4 Bathrooms

Year Built: 1903

Parking: Off-street

Roof Description : 30 year asphalt shingles

Exterior Description: Aluminum, cement/concrete

Appliances: Stove/Oven , Fridge

🏡 Detailed Layout 🏡

Front House (Apt A & B)

Apt A : 2 Bedroom/ 1 Full Bathroom

Apt B : 4 Bedroom/ 1 Full Bathroom

Back House (Apt C & D)

Apt C : 1 Bedroom/ 1 Full Bathroom

Apt D : 2 Bedroom/ 1 Full Bathroom

Basement : Access in front house

Basement Description: Unfinished includes washer and dryer hookups

🛠Utilities🛠

Water : American Water

Sewer : Borough of Magnolia NJ

Heating : Furnace

Heating Fuel : Gas

Cooling: AC

🗝️ Vacancy Status 🗝️

Unit A: Rented ($1,400/month)

Unit B: Rented ($1,900/month)

Unit C: Rented ($1,150/month)

Unit D: Rented ($1,300/month)

Delivered with Tenants

💰 Investment Potential 💰

With Magnolia’s growing rental market, this property generates $5,750/month in rental income with strong tenant demand. Conveniently located near highways, schools, and shopping, it offers steady cash flow with low-maintenance features for added ease.

📱 CALL OR TEXT NICK WALSH AT 908-499-9128 IF YOU HAVE ANY QUESTIONS OR WOULD LIKE TO KNOW HOW TO MOVE FORWARD ➡️