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465 Cinnaminson St
For Sale $625,000 ($241.78 per Sq Ft)
$625,000 ($241.78 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,585 Sq Ft
- 8,785 Sq Ft
Description
This property in Roxborough is an attractive investment opportunity, particularly for builders or investors looking to capitalize on under-market rental rates and additional land for development. Here are some key points based on the description provided:
Location: Roxborough (specific address not provided)
Type: Duplex
Units:
1st Floor:
2 bedrooms
1 bathroom
Monthly rent: $800 (below market value)
2nd Floor:
3 bedrooms
2 bathrooms
Monthly rent: $1800
Renovated
Additional Feature: Extra lots, suggesting potential for expansion or additional development.
Investment Considerations:
Rental Income: Currently, the property generates $2,600 per month in rent. If the first-floor unit's rent were adjusted to market rates, this could potentially increase.
Renovation and Upgrades: The second floor has already been renovated, which might attract higher-quality tenants or justify higher rent. The condition of the first floor could be a focus for future improvements.
Development Potential: With extra lots, there's room for further investment like building additional units or expanding the existing structure, subject to zoning laws and permits.
Next Steps:
Viewing: It's recommended to make an appointment to inspect the property in person to assess the condition, potential renovation needs, and to better understand the neighborhood.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $625,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,585 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 212328100 |
| MLS # | PAPH2441816 |
| Property ID | 321244224 |
| Lot Sqft | 8,785 |
| Zoning | RSA3 |
| Total Units | 2 |
| Days on Market | 23 |
| Original List Price | Unknown |
| Date Updated | February 18, 2025 |
| Date Created | February 05, 2025 |
Listing Provided By
Christopher V Wagenhoffer an agent of . Lic #RM421977
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Data last updated: February 28, 2025.
Robert Crawford
REAL ESTATE AGENT