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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

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    $2,859/mo

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    $2,859/mo

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    $2,313/mo

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    $2,313/mo

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    What's special

    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.

    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#: NJCD2061186MLS Logo

    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