502 Chapel Ave W, Cherry Hill, NJ 08002 - Photo 1

1/1

$318,000

Sold
Closed
Warehouse

1/1

Property Description

Excellent investment opportunity in Cherry Hill, NJ just off Route 38 and conveniently located to several major bridges offering easy access to Philadelphia. 502 Chapel Avenue features three rental units with excellent upside. This mixed use property consist of two apartments and one commercial space on the first floor. Both apartments are occupied with long term tenants and the commercial space is currently vacant. The building has one 3-bedroom unit and one 1-bedroom unit. Both units are well maintained with significant upgrades throughout including tile flooring, mechanicals, paint, upgraded kitchen & baths. The downstairs commercial space offers a large open floor plan with multiple private offices, bullpen area, kitchen and bathroom. All separate utilities in place for tenants with the landlord covering water/sewer/Insurance & Taxes. This is an excellent investment opportunity with major upside.

Full Property Details

Full Property Details for 502 Chapel Ave W

General

Sold For: $318,000
Taxes: $9,475 (2022)
Status: Closed
Type: Warehouse
Source: BrightMLSPhilly
MLS ID: NJCD2061394
Added to Site: 747 day(s) ago

Business

Business Type: Apartment Building, Flex, Other/General Retail, Stora

Parking

Total Spaces: 5
Parking Type: Driveway

Location

Area: Cherry Hill Twp (20409)
Municipality: CHERRY HILL TWP
County: Camden
Driving Directions: Use GPS.

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Radiator
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Brick
Foundation: Brick/Mortar
Stories/Levels: 0
Year Built: 1928
Year Built Source: Estimated

Unit Information

# Tenants: Multiple

Lot Features

Lot Size (Acres): 0.17
Lot Size (Sq. Ft.): 7,501
Lot Size Source: Estimated
Lot Dimensions: 50.00 x 150.00
Zoning: RESIDENTIAL `

Financial Considerations

Price Per Sq. Ft.: $46.66
Assessment Year: 2022
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $231,900
Tax Amount: $9,475
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 17

Listed by BHHS Fox & Roach-Marlton, Sidney Benstead
Sold by Weichert Realtors - Old Bridge, Rima Friag

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Listing agent

— 502 Chapel Ave W —

Sidney Benstead

BHHS Fox & Roach-Marlton

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NMLS#: 1598647

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Schools

Schools serving 502 Chapel Ave W

School District:Cherry Hill Township School District

Name	Grades	Distance
Joyce Kilmer Elementary School 2900 Chapel Avenue, Cherry Hill, NJ 08002	K-5	2.2 mi
John A Carusi Middle School 315 Roosevelt Dr., Cherry Hill, NJ 08034	6-8	2.4 mi
Cherry Hill High-West High School 2101 Chapel Ave., Cherry Hill, NJ 08034	9-12	1.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 Chapel Ave W

Date

Details

Price

Change

Source

4/30/2024

Sold

$318,000

-9.14%

MLS

1/17/2024

Listed

$350,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Active
Updated 4 days ago

3
Beds
2
Total Baths
1,998
Sq. Ft.

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Active
Updated 3 days ago

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Sq. Ft.

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30 Volan St, Merchantville, NJ 08109 - Photo 1

Just Listed

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612 Grove St, Haddonfield, NJ 08033 - Photo 1

Just Listed

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Updated 5 days ago

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Beds
3
Total Baths
2,264
Sq. Ft.

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1112 Grant Ave, Haddon Township, NJ 08107 - Photo 1

Price Reduced

-$21,000 (-4.04%)

$499,000

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Active
Updated 1 day ago

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Beds
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124 Ivins Ave, Merchantville, NJ 08109 - Photo 1

Price Reduced

-$10,000 (-2.47%)

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Active
Updated 6 days ago

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Beds
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7775 Marion Ave, Pennsauken, NJ 08109 - Photo 1

Price Reduced

-$5,000 (-1.41%)

$350,000

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Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths
1,496
Sq. Ft.

Listed by Kyle Josko (609) 760-0384

6124 Camden Ave, Pennsauken, NJ 08110 - Photo 1

Price Reduced

-$110,100 (-23.18%)

$364,900

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Single Family
Active
Updated 2 days ago

4
Beds
2
Total Baths
1,406
Sq. Ft.

Listed by Home Journey Realty, Tony S Lee

502 Chapel Ave W, Cherry Hill, NJ 08002 (MLS# NJCD2061394) is a Warehouse property that was sold at $318,000 on April 30, 2024. Want to learn more about 502 Chapel Ave W? Do you have questions about finding other Warehouse real estate for sale in Cherry Hill? You can browse all Cherry Hill real estate or contact a Coldwell Banker agent to request more information.

502 Chapel Ave W Cherry Hill, NJ 08002

Full Property Details for 502 Chapel Ave W

General

Business

Parking

Location

Heating & Cooling

Utilities

Structural Information

Unit Information

Lot Features

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 502 Chapel Ave W

Price & Sales History for 502 Chapel Ave W

Just Listed near 502 Chapel Ave W

26 E Holly Ave Haddon Township, NJ 08107

237 Virginia Haddon Township, NJ 08108

30 Volan St Merchantville, NJ 08109

612 Grove St Haddonfield, NJ 08033

Price Reduced near 502 Chapel Ave W

1112 Grant Ave Haddon Township, NJ 08107

124 Ivins Ave Merchantville, NJ 08109

7775 Marion Ave Pennsauken, NJ 08109

6124 Camden Ave Pennsauken, NJ 08110