Last Updated: 12/8/2016 7:53 PM
Description for 117 W Merchant Street Audubon, NJ 08106
Terrific Investment Property with an excellent location in downtown Audubon commercial district. This three unit building includes two apartments currently rented for a combined $1,575.00. The third unit is a first floor retail location that currently rents for $600.00. As the new owner, you will have the option to open your own business on the first floor, or continue renting. All three units are in excellent condition and each unit has its own utilities. The 1st floor storefront is 550sf of prime retail space and has 1 full bathroom. This is an excellent retail location in the heart of the Main Street shopping district. In addition, the property is close to public transportation and easy access to Center City. Owner improvements include: new roof 5k, new driveway 2.5k, total gut/rehab apartments 45K, new water heater .5K, and minor updating all totaling $58,000. There is nothing the new owner will need to do. Just take ownership and collect the cash!
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Current market conditions for 117 W Merchant Street
Active Market Trends
Median list price$169,950
Days on market142
Properties for sale52
Sold Market Trends
Median sold price$172,000
Sales to list price9,625.0%
Median sq ft price$103
Arrows indicate 90 day trend
Listing Price History for 117 W Merchant Street
Audubon Real Estate
Audubon is located in New Jersey. Audubon, New Jersey 08106 has a population of 8,834.
The median household income in Audubon, New Jersey 08106 is $75,841. The median household income for the surrounding county is $62,320 compared to the national median of $53,046. The median age of people living in Audubon 08106 is 41.5 years.
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