518 Race St Palmyra, NJ 08065

Multi-Family (2-4 Units) MLS #: NJBL2060194 Listed By CENTURY 21 Veterans

$265,000

5 beds | 2 baths
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Est. Property Tax: $6,081
Estimated monthly payments: $1,665/mo.* (recalculate)

Property InformationDescription

Spacious corner property ideal for house hacking, live in one unit, rent the other to offset your mortgage. Great income property located in Palmyra, one of NJ's Opportunity Zones. Invest now with tax saving opportunities. Solid Duplex with a first floor spacious 3 bedroom 1 bath, to be delivered vacant with rental potential of $1850 + per month. Second floor unit, 2 Bed 1 bath, occupied with long term tenant that would like to stay at $1050 per month. Some major components updated within the last few years like roof, and parging in the basement, gas heat unit completely rebuilt. Some cosmetics will allow this property to max out on market rental rates. Quiet residential neighborhood with oversized wood deck for tenant's enjoyment, spacious rear yard and covered carport. As-is sale, buyer responsible for twp CO transfer.

Features

  • Appliances: Dryer, Range / Oven, Refrigerator, Washer
  • Basement: Full
  • Cooling: Window A/C
  • Heating - Fuel Type: Electric, Gas
  • Heating Type: Baseboard
  • Lot Size: Under 1/2 Acre, 0.09 Acres
  • Sewer: Public
  • Style: Victorian
  • Water: City Water

MAP & DIRECTIONS

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518 Race St, Palmyra, NJ 08065
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School Information

518 Race St, Palmyra, NJ 08065

Elementary School
Grades PK-6 | Public School
CHARLES STREET SCHOOL
Palmyra, NJ 08065
100 W Charles St
856.­786.9300
Distance: 0.4 mi
School Rating
C+
Student:Teacher Ratio
11:1
Total Students
352
Middle School
Grades 7-12 | Public School
PALMYRA HIGH SCHOOL
Palmyra, NJ 08065
311 W 5th St
856.­786.9300
Distance: 0.1 mi
School Rating
C
Student:Teacher Ratio
12:1
Total Students
378
High School
Grades 7-12 | Public School
PALMYRA HIGH SCHOOL
Palmyra, NJ 08065
311 W 5th St
856.­786.9300
Distance: 0.1 mi
School Rating
C
Student:Teacher Ratio
12:1
Total Students
378
Other Nearby Schools Distance Type Grades School Rating
Palmyra Middle School 0.1 mi Public 6-8
Orchard Friends School 0.8 mi Private 1-12
Pennsauken High School 1.0 mi Public 9-12 D-
Riverton School 1.1 mi Public PK-8 B
Cinnamon Sticks Learning Center 1.7 mi Private PK-6
Cinnaminson High School 1.7 mi Public 9-12 B-
Eleanor Rush Intermediate School 1.9 mi Public 3-5 B
Westfield Friends School 2.0 mi Private PK-8
Franklin Towne Chs 2.0 mi Public 9-12 A-
Cinnaminson Middle School 2.0 mi Public 6-8 C+
Keystone Academy Charter School 2.0 mi Public KG-8 B-
Bridesburg Elementary School 2.0 mi Public KG-8 C+
Maritime Academy Charter School 2.1 mi Public 1-12 B-
Henry W. Lawton Elementary School 2.1 mi Public KG-5 C-
Hamilton Disston Elementary School 2.1 mi Public KG-8 D+
St Hubert Catholic High School For Girls 2.1 mi Private 9-12
Delair Elementary School 2.2 mi Public KG-3 B-
James J. Sullivan School 2.3 mi Public KG-5 F
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Palmyra, NJ 08065

Median Age: 39.1
Married: 43%
Number of Households: 3,272
Households with Children: 24.6%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home