224-226 W 2nd St, Moorestown, NJ 08057

Investment opportunity! Start earning rental income immediately with this three-unit property in Moorestown! The cap rate is 9.5%, GRM is 8.23, and total projected monthly rent is: $5,295, or, yearly rent is: $63,540. With a total of 3,971 square feet, this sprawling Victorian-style estate includes; Unit 1 (224-A) with 5 bedrooms, 2 bathrooms; Unit 2 (224-B) with 1 bedroom, 1 bathroom; and Unit 3 (226) with 6 bedrooms, 2 bathrooms. Unit 1 has central AC with third floor window AC unit. It consists of three floors and a full basement and opens with spacious living and dining rooms, complete with hardwood flooring, crown molding, and large windows that provide tons of natural light. Huge dine-in kitchen is highlighted by crisp white shaker cabinets and upgraded wood laminate flooring. Mud room, full bath, and laundry completes the first floor. Two bedrooms are situated on the second floor, all well-appointed with hardwood flooring and ample closet space. An office and a full bath completes the second floor. Secluded 3 bedrooms are on the unit’s third-floor and have a soaring vaulted ceiling and hardwood flooring. Central AC/Cental Heat on the 1st and 2nd floor. 3rd floor is electric AC/Heat. Unit 2 showcases an open concept living and dining area with updated tile flooring and great natural light. Newer kitchen includes rich wood cabinetry, granite countertops, and stainless-steel appliances. In-unit laundry room and full bathroom with shower/tub combo also featured. One bedroom with large lited closet and lited ceiling fan. Unit 3 is similar layout to 224A except it has six bedrooms and no office. Instead of the mud room, it features a side deck. Central AC/Cental Heat on the 1st and 2nd floor. 3rd floor is electric AC/Heat. Off street parking for all three units. Garage also available for ADDITIONAL income! Fantastic location with easy access to highways I-295, the NJ Turnpike, and Hwy 38 and 73. Just around the corner from the Moorestown Mall, Strawbridge Lake Park, Wegmans, Costco, and only a short drive into Philly. Top-rated school district includes highly regarded Moorestown High School. Don’t miss this amazing opportunity to start bringing in extra cash! Schedule a showing today. *Note: Video is of units 224a and 224b. https://bit.ly/224W2ndNJ (Unit 226 video available upon request!)