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300 Monroe Avenue

Cherry Hill, NJ 08002

– beds
– baths
2,612 sqft
$129 per sqft
1928 build

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It’s time to QUIT RENTING and become the Landlord! Located in the desirable Cherry Hill neighborhood, minutes from the Mall on a quiet street, you can live in one 1/2 of this duplex home and rent out the other half and use the income to offset your mortgage payment. Unit A is a first floor unit and has 4 bedrooms, a living room, an eat-in kitchen, laundry area, (2) full baths and access to the full basement for storage. Unit B is an upstairs apartment and features a living room, kitchen, (2) bedrooms, (1) full bath unit with walk-up attic storage access. Unit A, which has a washer and dryer hookup can potentially be rented for $1,800.00 per month and Unit B (washer & dryer, stove, refrigerator ) last rented for $1,300.00. Tenants pay electric, gas and heat. Just imagine using either rental income to offset your overall mortgage payment. 2 car parking on the side of the home with ample of street parking in the front. Both units have separate electric, heat and water heaters. The roof is approx. 7 years old and the water heaters are less than 5 years old. Large, fenced backyard. That's right - home ownership is within your grasp and the FHA down payment requirement is only 3.5% of the purchase price! Best of all, the owner acknowledges that upgrades are needed to the kitchen and flooring and is open to negotiating a credit to the Buyer so that they can buy the cabinets, countertops and flooring of their choice!

Listing courtesy of BRIGHT / BHHS Fox & Roach-Mullica Hill North

Last checked: Checking… • Last updated Nov 1, 2024 •

MLS# NJCD2074420 —

The Building

Year Built:

1928
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Block
Structure Type:

Detached
Architectural Style:

Colonial, Converted Dwelling
Building Units Total:

1
Accessibility Features:

None
Foundation Details:

Block
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2612

Interior

Interior Features:

Attic
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2612
Living Area SqFt:

2,612 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, FHA 203(k)
Buyer Financing:

FHA
Possession:

0-30 Days CD, 31-60 Days CD, Immediate, Negotiable, Settlement, Subject to Existing Lease

Location

Directions:

Church Road to Glenwood Avenue, which turns into Monroe Avenue. Home is at the intersection street of W. Grant Avenue.
Cross Street:

W. Grant Avenue
Latitude:

39.94571482
Longitude:

-75.03864696

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Property Condition:

Average
Lot Size Units:

Square Feet
Lot Size Source:

Assessor
Lot Size Dimensions:

55.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

0 Sqft
Inclusions:

Appliances in both units owned by Seller
Exclusions:

Tenant owned appliances and personal property
Zoning:

RESIDENTIAL
Outdoor Living Structures:

Deck(s)
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

09-00189 01-00001
Tax Year:

2023
Tax Lot:

00001
Tax Annual Amount:

$7,912
Tax Assessed Value:

$188,300
Year Assessed:

2023
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

Window Unit(s)
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric, Hot Water
Heating Fuel:

Electric, Oil

Utilities

Sewer/Septic:

Public Sewer
Electric Service:

Circuit Breakers
Hot Water:

Electric, Natural Gas
Water Source:

Public

Schools

School District Name:

Cherry Hill Township Public Schools
School District Source:

Listing Agent

The Community

Exterior Features:

Roof Deck, Sidewalks, Street Lights
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

Driveway, Off Street
Parking Features:

Crushed Stone, Gravel Driveway, Private

Extra Units

# of Units:

1
Vacation Rental:

No
Units Furnished:

None
Two Bedroom Units:

1
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/31/24 Oct 31, 2024	Sold	BRIGHT	$337,400	-13.5%
10/15/24 Oct 15, 2024	Pending	BRIGHT	$389,900
8/18/24 Aug 18, 2024	Listed / Active	BRIGHT	$389,900

Multifamily Sold on 10/31/2024

$337,400

Listing provided by broker:

Dale A Riggs

BHHS Fox & Roach-Mullica Hill North

(856) 478-9600

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Listing Courtesy of: BRIGHT and BHHS Fox & Roach-Mullica Hill North.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

300 Monroe Avenue

Cherry Hill, NJ 08002