Camden County Homes for Sale, Collingswood Real Estate Listings, 255 Park Avenue, MLS #6808753 Luxury Homes, Condos, Estates for Sale

255 Park Avenue

Collingswood, NJ 08108

Great income opportunity for an investor. Triplex with 2 car garage has multiple potential income streams. First Floor front unit is a one bedroom unit with large kitchen, large living room and large dining room (was being used as a second bedroom, includes doors etc and could potentially be fully converted to a 2nd bedroom to maximize rental value) First Floor back unit is an efficiency unit with a full bath, small kitchen, and living/sleeping area. 2nd Floor unit is a 1 bedroom with separate living area, kitchen, and full bathroom. All tenants have basement access with washer's and dryers. Potential to create additional income by creating a coin-op laundry room that services the building. Additionally there is a two car garage that could easily be rented for 100 a month per bay for additional income. This building is full of potential but does need some tlc and is being sold strictly in as-is condition. Though it needs a few some cleaning up and updating, the following items have been completed to date: Recent improvements include a new (2014) gas fired, Crown boiler, a two ton central air conditioner servicing the 1 bed unit lower unit, three new hot water heaters, mostly all newer energy efficient replacement windows(2013). The following modifications could potentially make a significant change to the cash flow: Splitting the heaters and having each tenant pay their own heat, billing water and sewer to each tenant, adding coin op laundry, renting both garages out, updating the units to receive maximum rent. Price reflects a discount so that an investor can make the changes to make this an amazing building to have in any portfolio.
Property Class
Type of Property
Garage Spaces
2-Car Parking
Has AC?
None Available
Middle School
High School
Collingswood Borough
Camden County
Building Floors: 2.00
Gross SqFt: 1,778
Hot Water: Natural Gas
Land SqFt: 5,000
Laundry Type: Common Laundry
Area: Collingswood Borough
Lot Area Acreage: 0.110000
Lot Dimensions: 40X125
One Bedroom Units: 2
Ownership: Fee Simple
Property Age: 94
Type: SingleBldg
Studio/Efficiency Units: 1
Total Units: 3
Zoning Code: MUL
Heat: Gas
Cooling: Central A/C, Wall Unit
Water: Public
Sewer: Public Sewer
Basement Type: Full
Exterior: Other
Tax Year
Total Taxes

Area Highlights

User reviews and recommendations of top nearby restaurants.

Clay Oven Palace


Distance: 0.22 Miles

Rating 44 reviews

Categories: ,

Distance: 0.29 Miles

Rating 373 reviews
Zena's American Mediterranean Cuisine

Categories: , ,

Distance: 0.42 Miles

Rating 26 reviews
Bistro Di Marino


Distance: 0.44 Miles

Rating 121 reviews
Oasis Mexican Grill


Distance: 0.45 Miles

Rating 54 reviews
Stella Pizza & Restaurant


Distance: 0.5 Miles

Rating 43 reviews
IndeBlue Indian Cuisine


Distance: 0.51 Miles

Rating 261 reviews

Categories: ,

Distance: 0.53 Miles

Rating 172 reviews
Empress Palace


Distance: 0.54 Miles

Rating 20 reviews
Sweet Freedom Bakery

Categories: ,

Distance: 0.61 Miles

Rating 18 reviews

School Information

Great Schools

Understand the educational environment and opportunities around this area before moving in.

James A. Garfield Elementary School

Type: Public

Level: K-5

William P. Tatem Elementary School

Type: Public

Level: K-5

Collingswood Middle School

Type: Public

Level: 6-8

Good Shepherd Regional School

Type: Private

Level: PK-8

Collingswood Sr High School

Type: Public

Level: 9-12

Zane North Elementary School

Type: Public

Level: PK-5

Mark Newbie Elementary School

Type: Public

Level: K-5

Sawtelle Learning Center South

Type: Private

Level: N/a

Ycs Sawtelle South

Type: Private

Level: N/a

Strawbridge Elementary School

Type: Public

Level: K-5

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Listing courtesy of BK Real Estate.

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Data last updated: 10/26/2016.

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