201 Powelton Ave

Oaklyn, NJ 08107

The property is back on the market because the Buyer did not fulfill the Commitment!!!! The CO is completed. The property is ready for a Quick Close. The home inspection is for the Buyer's information only. Therefore, the Seller does NOT have an Inspection Report. This is a great investment opportunity, with 1 Unit of 3 Bedrooms and 1 Bath, while the second Unit boasts of 4 Bedrooms and 1 Bathroom. Both units are occupied by long-term Tenants who plan to stay. The Tenants in Unit A have been there for 12 years, while those in Unit B have been there for 3 years and counting. Both Tenants are on Annual Leases, through July 2021 and April 2021, respectively. The Tenant in Unit B occupies 2 Levels. Level 2 has 2 Bedrooms, a Kitchen and a Bathroom. Level 3 has additional 2 Bedrooms. All of the Bedrooms have Closets and Windows. This Unit also has a Laundry hookup. The property has a Full Basement. A New Roof was installed in 2019 and the Kitchen in Unit A was totally upgraded in the same year. All the Utilities are separate, except for the Water. The Gross Income on this property is $27,600 at present, with lots of room for increase, with an updated Rental. Unit A pays $1,100 monthly, but the Area commands $1,300 monthly. Unit B pays $1,200 monthly, but the Area commands $1,600 monthly. . Unit B is NOT available to be shown, however, it will be made available for a Home Inspection.There is a long, expanded Driveway next to the property, that belongs to the property.