Excellent investment opportunity in Cherry Hill, NJ just off Route 38 and conveniently located to several major bridges offering easy access to Philadelphia. 502 Chapel Avenue features three rental units with excellent upside. This mixed use property consist of two apartments and one commercial space on the first floor. Both apartments are occupied with long term tenants and the commercial space is currently vacant. The building has one 3-bedroom unit and one 1-bedroom unit. Both units are well maintained with significant upgrades throughout including tile flooring, mechanicals, paint, upgraded kitchen & baths. The downstairs commercial space offers a large open floor plan with multiple private offices, bullpen area, kitchen and bathroom. All separate utilities in place for tenants with the landlord covering water/sewer/Insurance & Taxes. This is an excellent investment opportunity with major upside.
Sold for $318,000 on 04/30/24
$318,000
502 Chapel Ave W, Cherry Hill, NJ 08002
4beds
--baths
--sqft
Retail
Built in 1928
-- sqft lot
$352,600 Zestimate®
$--/sqft
$2,859 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 01, 2024 at 11:38pm
Listed by:
Dawn Varallo 856-381-7884,
BHHS Fox & Roach-Marlton
Bought with:
Rima Friag, 234319
Weichert Realtors - Old Bridge
Source: Bright MLS,MLS#: NJCD2061186

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 7,501 sqft
- Dimensions: 50.00 x 150.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0900191 0100017
- Zoning: RESIDENTIAL `
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Retail
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cherry Hill
- Municipality: CHERRY HILL TWP
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$352,600
2% more+$7,052
With Zillow Showcase(estimated)$359,652