1226 Magnolia Avenue

Camden, NJ 08103

Discover a prime CASH FLOWING INVESTMENT OPPORTUNITY! with "The Horn of Plenty" on Magnolia Ave , a tenant-occupied property generating steady income. This traditional brick townhouse, a staple of Camdens Parkside historic charm, offers immediate landlord potential with an $800/month paying tenant whose lease is secure until December 31st, 2024. Key Features: Tenant Occupied: Enjoy immediate rental income from reliable tenants who consistently pay on time. Recent Updates: New flooring, a modern hot water heater, furnace, and updated roof and gutters ensure minimal maintenance costs. Spacious Layout: The home boasts 3 bedrooms and 1.5 bathrooms, offering ample space for tenants. The finished basement provides extra living or storage space. Charming Interior: Warm, chestnut-like flooring and a cozy interior create an inviting atmosphere that tenants love. Outdoor Space: A spacious backyard offers room for relaxation or further enhancement to increase property value. Potential for Modernization: While the home is move-in ready, theres still room for additional renovations to increase its appeal and rental value. Perfect for investors looking to step into a stable rental market with a property that has both historical charm and modern comforts. Don't miss this chance to expand your portfolio with a property that promises both immediate returns and long-term value. Essentially Estate Sale. Buyer's are responsible of obtaining CCO and Fire Certification from the City of Camden.

This is an Active listing.

Broker Office Phone Number: 856-316-1100

Copyright © 2024Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.