Very rare opportunity to essentially own a "quadplex" in the heart of downtown Collingswood. 601 and 603 Park Avenue are hitting the market together, at the same time, offering investors a massive income generating opportunity and/or, owner-occupants or multi-generation living seekers looking for a large family home with private separate units. Seller prefers to sell the properties together...the 601 Park duplex is listed for 425k and offers a 1 bedroom 1 bath unit on the first level and a 3/4 bedroom 2 bath unit on the 2nd/3rd level. The 603 Park duplex is listed for 440k and offers a 1 bedroom 1 bath unit on the first level, a 3/4 bedroom 1.5 bath unit on the 2nd/3rd level and a 2 car garage that is also rented. 3 of the 4 occupants have been tenants for 5+ years as well as the garage lease holder. The seller has made a ton of upgrades during his ownership making the properties essentially turnkey with huge income potential. Both properties together generate $76,500/yr and there is room to increase rent if the new owner desires. Please see attached upgrade document in listing notes as well as current lease information and attached floor plans. The basement on both 601 and 603 has a newer shared washer dryer. Ample parking on site for all 4 units. Both properties have new electrical panels and upgrades from street to house. This prime location is close to PATCO for quick access to Philadelphia and close to Knight Park, Haddon Ave stores and restaurants, the farmers market and Cooper River! Both properties have duplex certifications from Collingswood Twp and current lead paint certifications required by the state. Truly a one in a million chance to own your very own "Park Place" and start your own monopoly board in much desired downtown Collingswood. Requires 24-hour notice to show.
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Zillow last checked:
Listing updated:
Listed by:
Erin Finazzo609-744-3112,
Compass New Jersey, LLC - Moorestown
Source: Bright MLS,MLS#: NJCD2124216
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 1
Main level bedrooms: 1
Rooms
Room types: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement, Bedroom 1, Storage Room, Full Bath
Bedroom 1
Level: Main
Area: 132 Square Feet
Dimensions: 12 X 11
Bedroom 1
Level: Upper
Area: 168 Square Feet
Dimensions: 12 X 14
Bedroom 2
Level: Upper
Area: 108 Square Feet
Dimensions: 12 X 9
Bedroom 3
Level: Upper
Area: 165 Square Feet
Dimensions: 11 X 15
Basement
Features: Basement - Unfinished
Level: Lower
Dining room
Level: Main
Area: 121 Square Feet
Dimensions: 11 X 11
Dining room
Level: Upper
Area: 90 Square Feet
Dimensions: 9 X 10
Family room
Level: Main
Area: 165 Square Feet
Dimensions: 15 X 11
Family room
Level: Upper
Area: 180 Square Feet
Dimensions: 15 X 12
Other
Level: Upper
Area: 48 Square Feet
Dimensions: 6 X 8
Other
Level: Upper
Area: 56 Square Feet
Dimensions: 7 X 8
Other
Level: Main
Area: 64 Square Feet
Dimensions: 8 X 8
Kitchen
Level: Main
Area: 121 Square Feet
Dimensions: 11 X 11
Kitchen
Level: Upper
Area: 60 Square Feet
Dimensions: 6 X 10
Living room
Level: Main
Area: 117 Square Feet
Dimensions: 9 X 13
Living room
Level: Upper
Area: 100 Square Feet
Dimensions: 10 X 10
Storage room
Level: Upper
Area: 126 Square Feet
Dimensions: 9 X 14
Heating
Forced Air, Natural Gas
Cooling
Window Unit(s), Electric
Appliances
Included: Oven/Range - Electric, Refrigerator, Washer, Dryer, Gas Water Heater