2134 MERCHANTVILLE AVE Pennsauken, NJ 08110

For the discerning buyer, whether you will occupy as your primary residence, and have your tenants pay to live in the building with you. This can be achieved by purchasing with an FHA loan with 3.5% down... and if your are a first time homebuyer, you may even qualify for some grant money to assist with your downpayment/closing costs. Even if you would like to have it strictly as an investment...sit up and pay attention.

This 4 unit building which has had the benefits of many upgrades, meticulously done by the current owner occupant, is ready and waiting for you. New roof, many windows replaced, lot of old plumbing replaced, eqipped with appliances throughout..gas stoves, refrigerators, built in microwaves and wait...dishwashers too!
On the 1st floor, there is a studio apartment ($950) and 1-1bedroom (owner occupied, but could rent for. $1300-$1400), all well kept.

The basement is high, clean, and offers a couple of storage units, and a lot of potential...bring your imagination...you can take this to the next level.

There is also a coin operated washer and dryer in the basement, for a bit of additional income.

All units have rear entrances/exits as well, and ample storage. An open front porch also gives a nice touch to this building.

If all units are rented, the potential rents are $6000 per month out. If an owner occupies a unit, depending on which unit, the net rent can make the mortgage payment.
2nd floor, a large 3 bedroom with very large living room, dining room, bath and eat in kitchen, refreshly renovated. ($1700-$2000 potential)
3rd floor nicely cared for 2 bedroom with living room, kitchen with dining area and bath room, $1500-$1700
Each unit has its own separate electric and gas cooking. Currently owner pays for gas heat and hotwater, however, this can be changed to possible mini-split units, so that tenants can pay own heat and air condition