$315,000
2 W Cedar Ave, Oaklyn, NJ
- 4 Beds
- 2 Baths
- 1778 SQFT
🚀 Oaklyn NJ | 4 Bed 2 Bath Multifamily I Generating $36.6k Yearly 💲
This fully rented multifamily in Oaklyn, NJ offers immediate cash flow with two income-generating units bringing in $3,050/month (Unit 1: $1,300 | Unit 2: $1,750). Featuring 4 bedrooms, 2 bathrooms, and 1,778 sqft, the first-floor unit has 2 beds/1 bath with basement access, while the second-floor unit includes 2 beds/1 bath with a third-floor walk-up. Built in 1910, this low-maintenance property features durable siding and a 30-year asphalt roof. With stable tenants in place, a strong rental market, and long-term appreciation potential, this investment is perfect for buy-and-hold investors looking for consistent returns in a desirable location.
✨ Property Highlights ✨
4 Bedrooms, 2 Bathrooms
Interior Square Footage : 1778 sqft
Year Built: 1910
Parking: Driveway and Off street
Roof Description : 30 year asphalt shingles
Exterior Description: Siding 12″ and cedar siding
Appliances: Dishwasher, Stove/Oven, Fridge
🏡 Detailed Layout 🏡
First Floor : 2 Bedroom/ 1 Full Bathroom (with basement access)
Second Floor: 2 Bedroom/ 1 Full Bathroom (includes access to 3rd floor walk up)
Basement Description: Unfinished
💰 Investment Potential 💰
This income-generating multifamily in Oaklyn, NJ, produces $3,050/month ($36,600/year) in rental income with potential for increases. With long-term tenants in place, it offers stable cash flow and minimal upkeep. Located in a high-demand rental market with easy access to major roads and amenities, it presents strong long-term potential.
🗝️ Vacancy Status 🗝️
Unit 1 : Rented ($1,300/month)
Unit 2 : Rented ($1,750/month)
Delivered with Tenants
⛽️ Utilities ⛽️
Water : American Water
Sewer : Borough of Oaklyn
Heating : Radiant Heating
Heating Fuel : Natural Gas
Cooling : Window AC unit