Last Updated: 3/23/2017 4:46 PM
Description for 136 N Read Avenue Runnemede, NJ 08078
Unique investment opportunity in nice residential neighborhood! Two separate houses on same lot, grandfather use if continuous. Current owner lives in front ranch home w/full basement. 2 bedroom 1 bath with eat in kitchen 16x11' w/ceramic tile floors and double self cleaning wall ovens, living room 20x15' w/wall to wall carpet and wood burning fireplace, leads to rear den 18x12', carpeted over hardwood floors. Main bedroom 14x13' and second bedroom 12x10', carpeted over hardwood floors. The laundry closet 8x4' is in the bathroom. This has central air located in the attic, basement good for storage, has a wet bar plus has gas fired hot water heat, gas water heater, sump pump and bar area. Vinyl replacement, double hung windows t/o for both houses and aluminum siding. Could be rented out for about $1,500/month. The rear cottage is 2 stories, enter through the enclosed porch, living room 18x10', kitchen 12x6' w/self cleaning wall oven, dining room 11x10', rear utility room 14x9'. Main bedroom 17x10' and second bedroom 11x9' both on the 2nd floor. Has side enclosed porch and window air conditioners, range/oven, washer/dryer/refrigerator. New Carpet t/o as of 5/16. Gas heat and hot water, has vinyl siding. Seller offering the 1 Year 2/10 Warranty at settlement. Has fenced rear yard, current tenant has a small dog. Driveway parking as well as the street. Property in good condition but selling in 'as is'. Seller will obtain the Certificate of Occupancy. Buyer responsible for any appraisal repairs and or certifications. The current owner in the front property is on a budget of $100 per month for electric and gas each. Tenant in the rear property pays their own electric, gas and water bill. It's estimated that the rear rental property square footage is about 1,200 sf, bldg measures 28'x24' x 2 minus non living area. There is an attached rear storage/mechanical room measuring 15'x10 = 160 sf for storage, laundry and the mechanicals. The estimated rent for owner occupied front property is about $1,500.
Gas Water Heater, Public Water Service
Central Air, Wall Air Conditioning
Gas Heat, Baseboard
Full, Unfinished Basement, Storage
Exterior / Lot Features
2 Parking Spaces, Driveway
Current market conditions for 136 N Read Avenue
Active Market Trends
Median list price$115,000
Days on market134
Properties for sale43
Sold Market Trends
Median sold price$92,750
Sales to list price9,660.0%
Median sq ft price$84
Arrows indicate 90 day trend
Listing Price History for 136 N Read Avenue
Runnemede Real Estate
Runnemede is located in New Jersey. Runnemede, New Jersey 08078 has a population of 8,381.
The median household income in Runnemede, New Jersey 08078 is $58,006. The median household income for the surrounding county is $61,842 compared to the national median of $53,482. The median age of people living in Runnemede 08078 is 37 years.
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