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Sold for $395,000 on 07/08/23
  • $395,000

    313 S Laurel St, Landisville, NJ 08326

    6beds
    --baths
    2,600sqft
    Triplex
    Built in 1945
    -- sqft lot
    $454,500 Zestimate®
    $152/sqft
    $1,909 Estimated rent

    What's special

    Back on market, buyer could not secure financing. Investors Delight! This property is located in the suburbs of Buena, New Jersey and would be ideal for either a smart investor or someone who loves cars. First off, the square footage on Zillow is wrong. There is no way for me to change it on Zillow. This property has 3 apartments and a 4 car garage. There are 2 houses on the property. The property sits on a corner lot. One house faces Laurel St. and the other house faces Summer Ave. The house on Laurel St. has 2 apartments - an upstairs apartment consisting of 1 bedroom, an office (which could be used as a bedroom), 1 bath, a full kitchen and a washer and dryer. The downstairs has 2 bedrooms, 1 bathroom, a full kitchen, a living room with a beautiful brick fireplace and a large basement with a washer and dryer. There is also another room in the basement that could be used as an office or game room. All kitchens and bathrooms have tile floors. The other building faces Summer Ave. and has 2 bedrooms, 2 FULL bathrooms, a washer / dryer and an attached 4 car garage. The garage is heated and air conditioned and has a half bath with a bar sink. In total there are 6 Bedrooms, 3 kitchens, 4 ½ bathrooms and a 4 car garage! There is also a chimney in the garage where I used to have a wood stove if you ever want to re-install one. All structures are made of concrete block. All 4 units have central air conditioning. Almost all the appliances are natural gas. All units have alarm systems. There is an underground sprinkler system as well as a camera system that allows you to monitor the property on your phone. There is city water and city sewer. Property taxes are $5,859 per year. The area is extremely safe and the neighbors are awesome. You could live in one unit and rent the other two and live here for free. You could use the smaller apartment as an Airbnb. The possibilities are endless. The property appraised for $465,000. I am offering it for sale for $395,000. Here is an opportunity to make $70,000 in IMMEDIATE equity, plus you get all the potential rental income! Please note that I am the owner of the property and for the right buyer, this will be an incredible opportunity! The stock market is down 20%, but rents are UP 20%. Do the math. I have owned this property for 23 years and it was the BEST investment I ever made! Someday, you’ll look back and say the same.

    Zillow last checked: 7 hours ago

    Listing updated: July 08, 2023 at 06:32am

    Listed by:

    Ronnie Glomb 855-600-2465,

    Your Town Realty

    Bought with:

    Evan DelGesso, 2082390

    Better Homes and Gardens Real Estate Maturo

    Source: Bright MLS,MLS#: NJAC2007370MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Block Walls, Dry Wall
    • Flooring: Ceramic Tile, Concrete, Hardwood, Tile/Brick
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 2,600
    • Total interior livable area: 2,600 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage Door Opener, Oversized, Attached, Driveway, On Street
    • Attached garage spaces: 4
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Accessible Entrance, Other
    Features
    • Exterior features: Underground Lawn Sprinkler
    • Pool features: None
    Lot
    • Size: 0.26 Acres
    • Dimensions: 75.00 x 150.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 040015100008
    • Zoning: RESIDENTIAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: A-Frame
    • Property subtype: Triplex
    Materials
    • Concrete
    • Foundation: Permanent
    • Roof: Rubber,Shingle
    Condition
    • Very Good
    • New construction: No
    • Year built: 1945

    Utilities & green energy

    • Electric: 120/240V
    • Sewer: Public Sewer
    • Water: Public Hook-up Available
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available

    Community & neighborhood

    Location
    • Region: Landisville
    • Subdivision: Landisville
    • Municipality: BUENA BORO

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,FHA
    • Ownership: Fee Simple
    Services availability
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