3 bedroom units rent for an average $1950 per month while 2 bedroom units rent for an average of $1600 per month for a total gross cash flow of $3550 per month.
Taxes = $652/month + $50/month insurance + $50/month maintenance = $752/month in expenses.
$3550 per month - $752 per month = $2798 per month x 12 months = $33,576/year NET Income / $250,000 purchase price = 13.4% CAP Rate.
Don't miss this 5 bedroom, 2 bath total cash flow opportunity in the desirable school district of Cherry Hill!!
Off market
Street View
$395,700
64 Kresson Rd, Cherry Hill, NJ 08034
6beds
2,798sqft
MultiFamily
Built in 1900
-- sqft lot
$395,700 Zestimate®
$141/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Hardwood, Linoleum / Vinyl
- Basement: Unfinished
Interior area
- Total interior livable area: 2,798 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street, On-street
Features
- Exterior features: Vinyl, Wood
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.29 Acres
Details
- Parcel number: 09004230100007
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Shake / Shingle
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Cherry Hill
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$395,700
2% more+ $7,914
With Zillow Showcase(estimated)
$403,614