Last Updated: 12/10/2016 1:04 AM
Description for 326 Myrtle Avenue West Berlin, NJ 08091
INVESTOR ALERT! Charming Remodeled and Updated 4 Bedroom Cape on a spacious .85 Acre Double Lot could be that next great investment for you! Large Eat-In Kitchen with Living Room, Two Bedrooms and Full Bath on Main Level, with access to a welcoming covered side porch. Upper level features Two Large Bedroom spaces. A full, walk-out unfinished basement has great storage space. Some recent updated features are a newer roof, carpeting, paint, alarm system, plumbing PEX System and electrical. This property is currently rented to a long-term tenant with a one-year lease who wants to stay at $1400 per month, generating approximately $400 per month in free cash flow, a Cap rate of 7.24 and a gross rent multiple of 12.93. Location offers ease of access to Great Shopping and Restaurants, Rt 73 and the Atlantic City Expressway. Also within close proximity of Berlin Twp Soccer Complex, The Robert T Clyde Memorial Park with Tennis Courts, Hockey Rinks, jogging/walking path/track, basketball courts. Could be yours!
Electric Water Heater, Public Water Service
Hookups in Basement
Wall Air Conditioning
Full, Unfinished Basement
Exterior / Lot Features
Current market conditions for 326 Myrtle Avenue
Active Market Trends
Median list price$160,000
Days on market180
Properties for sale29
Sold Market Trends
Median sold price$193,000
Sales to list price10,224.0%
Median sq ft price$134
Arrows indicate 90 day trend
Listing Price History for 326 Myrtle Avenue
West Berlin Real Estate
West Berlin is located in New Jersey. West Berlin, New Jersey 08091 has a population of 5,371.
The median household income in West Berlin, New Jersey 08091 is $66,630. 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 West Berlin 08091 is 41.6 years.
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