Gross Yield: 18.4% Cap Rate 11% Turnkey, completely renovated, fully tenanted and high-income producing property in Southampton Township, New Jersey. Contact seller for specific rental information. Two houses, totaling 2,796 sq ft sit on 1.63 wooded acres off Rt. 206 near Mt. Holly. Custom-built, 1,979 sq ft expanded ranch has three bedrooms, two full baths, full basement, large deck and 30+ ft long inground pool. Cathedral ceiling in living room, vaulted ceiling in kitchen/dining area with two skylights. A two-car, detached garage next to the pool has been converted to a rec room with Jacuzzi style hot tub, pool table, foosball, ping pong, flat-panel TV and gas fireplace. An exterior sound system and nighttime lighting serves the pool area. The inground pool has a custom waterfall. Top-to-bottom renovation in 2020 included new kitchen, updated bathrooms, new wood flooring, light fixtures, new windows and roof and new interior doors. The home is ADA accessible and includes a multi-car parking area. An 817 sq ft two-bed, one-bath bungalow is at the other end of the property. It, too, was renovated top to bottom, including all-new mechanicals and roof. Both have been rented since 2021. Leases are mid-term to annual. Tax ID 33-00207-00001 Annual 2024 tax: $8,191 Block: 207 Lot 1 Southampton Township, New Jersey 08088 Acres: 1.63 The custom-built ranch includes a covered porch. The home is fully furnished with sectional seating in the living room, large flat-panel TV, wood stove, open-concept kitchen, dining and work/study area, large kitchen island with seating and dishwasher, and TVs in bedrooms. Ceiling fans throughout. Jetted tub in hallway bath. Home has central air with oil heat, well and septic. Detached shed for tools. French doors in kitchen lead to large deck with two tables, chairs and umbrella, and new stainless steel gas grill. Deck stairs lead to 30+ ft long fresh-water pool with covered Tiki Bar and waterfall. The bungalow is air conditioned and has electric heat, well and septic. Includes washer/dryer and wide electric flame fireplace in living room. Both units are occupied with mid-term or annual leases. Laminate flooring in both units. Kitchens feature stainless steel appliances and electric ranges. Both homes feature separately metered utilities. Cable provided. Smart-Lock entry doors. Both units have been certified lead free so never have to be inspected again for lead-based paint. Property is near shopping, restaurants and other amenities. Leases, full financial information, and floor plans are available to serious buyers. An additional residential rental property also is for sale in Hamilton Township: 95 Mercer Street Hamilton Square New Jersey 08690 Gross Yield: 14.2% Photos of the ranch: https://drive.google.com/drive/folders/1aFEZjf3FMu67gkHXq3qXY00U9nN5NY3F? usp=sharing Video link: https://www.youtube.com/watch?v=yG-xeeFNMHw
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