Investor Opportunity – Income-Producing 4BR/2BA Rental with Long-Term TenantThis spacious 4-bedroom, 2-bathroom property offers 2,140 sq. ft. of living space with a solid foundation and excellent value-add potential. Currently rented at $1,950/month to a long-term Section 8 tenant who has been in place for over 10 years and wants to remain, this investment provides guaranteed income with zero vacancy risk. Features include a large kitchen with white cabinetry and granite countertops, updated bathrooms, and oversized living areas. While the property could benefit from some finishing touches, it presents strong upside for appreciation or increased rental value. With annual gross rent of $23,400, property taxes of $6,484, and estimated landlord-paid utilities (water/sewer + trash) at $1,500/year, the Net Operating Income comes to $15,416 annually. Priced at $270,000, the estimated cap rate is 5.71%. Conveniently located near parks, shopping centers, and major highways, this property is a turnkey, stable, income-generating asset with long-term upside in a growing South Jersey rental market.
Listed by:
RealtyMark Properties
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Apr 14, 2025 | 4 days ago | Price decreased25,000 (8%) | $270,000 |
Apr 6, 2025 | 12 days ago | New on market | $295,000 |