826 Longwood Ave

Cherry Hill, NJ 08002

We have MULTIPLE OFFERS. Pls present your Highest & Best offer by 8pm Tues 5/21/24, Thank you! JUST LISTED in desirable CHERRY HILL is this fully-renovated (2022) front/back DUPLEX sitting on an expansive double lot. This is a TURNKEY INVESTMENT PROPERTY in great condition. EACH UNIT IS LEASED to the same tenants since the 2022 renovation. Monthly rents total $4560 ($2050 Unit A; $2510 Unit B; with potential for additional rent increase upon renewal! Unit A at the front of the home is a 1st floor 2 bedroom/ 1 bath unit. Unit B @ rear entry of home is a 3 bedroom 1.5 bath unit with a 1st floor bedroom and two additional bedrooms & bonus/storage room on 2nd floor. This unit (B) has the basement access for storage. The home was fully renovated throughout in 2022 with Modern Open Concept Floorplans, new windows, LVP floors, new kitchens, baths, electrical, roof, HVAC & plumbing. Additionally the owner included Quartz countertops, all new SS appliances, and W/D in each unit. Nothing left to do, so this sale will be STRICTLY AS-IS. Buyer to perform all inspections or any repairs which may be required by lender, city, state, federal govt. There's potential for increase in rents at renewal under either the Sec8 leases or market rate leases. Potential buyers should perform their own due diligence with regard to insurance and property management fees because your fees may differ from current owner's fees. Owner expenses: Qtrly water is approx $147.00; Qtrly sewer is $95.00. CCMUA utility is $88/qtr. Seller prefers use of Infinity Title Agency for settlement services.