43 S SMITH TER Clementon, NJ 08021
4 Beds
2 Baths
2,140 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,140 sqft
Price per Sqft $126
Subdivision None Available
MLS Listing ID NJCD2089670
Style Colonial
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,140
Originating Board BRIGHT
Year Built 1985
Annual Tax Amount $6,483
Tax Year 2024
Lot Size 5,001 Sqft
Acres 0.11
Lot Dimensions 50.00 x 100.00
Property Sub-Type Detached
Property Description
This spacious 4-bedroom, 2-bathroom property offers 2,140 sq. ft. of living space with a solid foundation and excellent value-add potential. Currently rented at $1,950/month to a long-term Section 8 tenant who has been in place for over 10 years and wants to remain, this investment provides guaranteed income with zero vacancy risk. Features include a large kitchen with white cabinetry and granite countertops, updated bathrooms, and oversized living areas.
While the property could benefit from some finishing touches, it presents strong upside for appreciation or increased rental value. With annual gross rent of $23,400, property taxes of $6,484, and estimated landlord-paid utilities (water/sewer + trash) at $1,500/year, the Net Operating Income comes to $15,416 annually. Priced at $270,000, the estimated cap rate is 5.71%. Conveniently located near parks, shopping centers, and major highways, this property is a turnkey, stable, income-generating asset with long-term upside in a growing South Jersey rental market.
Location
State NJ
County Camden
Area Clementon Boro (20411)
Zoning RES
Rooms
Basement Unfinished
Main Level Bedrooms 1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Clementon Borough Public Schools
Others
Pets Allowed N
Senior Community No
Tax ID 11-00097-00026
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
