201 Powelton Ave, Oaklyn, NJ 08107

The property is back on the market because the Buyer's Financing fell through!!!! The Appraisal was done and the CO was completed. The property is ready for a Quick Close. The home inspection is for Buyer information only. Seller does NOT have an Inspection Report. This is a great investment opportunity, with 1 Unit of 3 Bedrooms and 1 Bath, while the second Unit boasts of 4 Bedrooms and 1 Bathroom. Both units are occupied by long-term Tenants who plan to stay. The Tenants in Unit A have been there for 12 years, while those in Unit B have been there for 3 years and counting. Both Tenants are on Annual Leases, through July 2021 and April 2021, respectively. The Tenant in Unit B occupies 2 Levels. Level 2 has 2 Bedrooms, a Kitchen and a Bathroom. Level 3 has the additional 2 Bedrooms. All of the Bedrooms have Closets and Windows. This Unit also has a Laundry hookup. The property has a Full Basement. A New Roof was installed in 2019 and the Kitchen in Unit A was totally upgraded in the same year. All the Utilities are separate, except for the Water. The Gross Income on this property is $27,600 at present, with lots of room for increase, with an updated Rental. Unit A pays $1,100 monthly, but the Area commands $1,300 monthly. Unit B pays $1,200 monthly, but the Area commands $1,600 monthly. Unit B is NOT available to be shown, however, it will be made available for a Home Inspection.