332 BAILEY AVE Maple Shade, NJ 08052
1,824 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $246
MLS Listing ID NJBL2112436
Style Other
Abv Grd Liv Area 1,824
Year Built 1955
Annual Tax Amount $6,609
Tax Year 2025
Lot Size 7,501 Sqft
Acres 0.17
Lot Dimensions 75.00 x 100.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Each unit features 3 bedrooms, 1 full bathroom, separate utilities, and its own private laundry area for added convenience. One unit is currently occupied by a tenant paying $1,900/month with a lease in place through September 2027, providing immediate stable income. The second unit is vacant and projected to rent for approximately $1,900/month, offering flexibility for an owner-occupant or investor seeking additional cash flow.
Projected gross rental income of approximately $45,600 annually with an estimated 7%+ projected cap rate makes this an attractive addition to any investment portfolio. Major systems have already been updated, with both HVAC systems and water heaters approximately 5 years old.
Whether you're looking to expand your portfolio or offset your mortgage with rental income, this duplex presents a fantastic opportunity with solid cash-flow potential and low-maintenance features.
Projected rents, income, expenses, and cap rate figures are estimates only and are not guaranteed. Buyers are responsible for conducting their own due diligence and verifying all financial information independently.
Location
State NJ
County Burlington
Area Maple Shade Twp (20319)
Zoning RES
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C
Flooring Wood, Ceramic Tile, Carpet
Inclusions All existing appliances
Equipment Oven/Range - Gas, Refrigerator, Dryer, Washer
Fireplace N
Appliance Oven/Range - Gas, Refrigerator, Dryer, Washer
Heat Source Natural Gas
Laundry Dryer In Unit
Exterior
Garage Spaces 2.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Slab
Above Ground Finished SqFt 1824
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Maple Shade Township Public Schools
Others
Tax ID 19-00178-00008
Ownership Fee Simple
SqFt Source 1824
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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