109 E Main St

Maple Shade, NJ 08052

PROPERTY IS BACK ON THE MARKET AND AVAILABLE TO BE SHOWN. TO ACCOMMODATE THE TENANTS, SHOWINGS WILL BE RESTRICTED TO SPECIFIC OPEN HOUSE WINDOWS. Excellent investment opportunity awaits! SOLD IN "AS IS" CONDITION, but property is in good shape. This well-kept, 4 unit, 2 story apartment building in the heart of Maple Shade presents a wonderful chance for you to use a real estate asset to grow your wealth! This central location, is convenient to major highways and public transportation, shops & restaurants on Main Street, making it very desirable for Tenants. Tenants will love to call this place their home, because it is well maintained, neat and clean and makes a great presentation as you approach. All 4 units are currently tenant occupied and the building has a solid rental history. There's a keyed, common side entry to a wide hallway & staircase, for the tenants with 4 total, sunlit apartments, 2 on each floor, all of which consist of a Living Room, Kitchen with eating area, Bedroom, Bathroom & stacked washer/dryer. Property also has a full basement Each unit has hardwood flooring, nicely updated Kitchens and tiled Bathrooms and separately metered utilities. Current owner pays water/gas and the tenants are responsible for the electric. Each unit has a window unit air conditioner. There's a detached garage in back for additional rental income if you choose, or use it for your own personal storage. The private rear parking lot offers one off-street space for each tenant. On-Street parking is also available and easy to find. Rents for the Units are as follows: all are month to month leases One Unit at $1,200/mo; One Unit at $1,100.00/mo; One Unit at $1,000.00/mo; and One Unit at $950.00/mo. (The Tenant at $950/mo gets a slightly reduced rent price because they help the owner with the Building.) A great combination of location, condition, return on investment.