11 Lexington Ave

Merchantville, NJ 08109

Great investment duplex in the heart of Merchantville. Victorian twin with front porch and lots of character, located on a quiet, tree-lined street. Half a block from the Merchantville bike path and walking distance to the Merchantville farmers market and the commercial center of town. The charming first-floor 1 bedroom/1 bath apartment has original details including hardwood floors, stained glass window, and 10-foot ceilings. French doors separate a room off the living room perfect for an office, extra living space, and/or guest bedroom. Spacious main bedroom and ample closets throughout the apartment. Large eat-in-kitchen and recently updated bathroom. The first floor also has basement laundry. This unit is rented for $1,050 per month. The spacious second- and third-floor apartment has original Victorian details including entry doors, stair baluster, and 10-foot ceilings. Large living spaces on each floor of the apartment and lots of natural light. 5 good-sized bedrooms, 1 bath. This unit is rented for $1,450 per month. Great tenants in both units. First-floor tenant is month-to-month. Upstairs tenants have a two-year lease ending May 31, 2023, and would love to stay beyond that. Tenants pay all utilities except for local sewer. Includes off-street parking (currently used by first floor apartment) and shared front and back yard space. Students attend Haddon Heights High School. Easy access to Rt 130, Rt. 70, and Rt 38. Photos taken prior to tenants moving in. Property is being sold as-is, but seller will complete CO.