Looking to bring your investment dreams to life, or add to your portfolio? Located in the heart of downtown Palmyra, this income generating multi-family property features 2 units each with 2 bedrooms and 1 bathroom. The downstairs unit has access to additional space and storage in the full basement, while the upstairs unit has access to additional space in the attic. The downstairs unit features a spacious kitchen with a laundry room and access to the backyard and side driveway. The upper level can be accessed through the front porch area with tons of natural light, a perfect area for relaxing and taking in the scenery. Each unit has its own driveway, separate meters and water heaters. There is an additional separate meter for the heat. Upstairs unit currently rented at $1,300 a month (on month to month rental). Downstairs unit was rented for $1,400 a month. Both rental amounts can easily be increased with a little modernization. Close to the Riverline, Restaurants, Bars, Shopping and Transportation, this duplex is the perfect missing piece to your portfolio.
Don't Miss this Mixed use 2 unit building on Broad St in Palmyra. The upstairs is a renovated 3 bedroom 1.5 bathroom apartment with hard word floors, nice sized rooms, on the end of the strip center. This unit currently rents for $1,520 per month. The downstairs is a beautifully renovated office or retail space, currently vacant waiting for the right business. Previously a Real Estate office this space has great visibility from the main road with tall glass windows and French door entrance. The space has an open main room with hardwood floors, high ceilings, a separate common area sink area, and a handicap accessible bathroom. There is also a separate area off the main room for storage and a shower area. From the Main room there is another space that was used as a large conference room, then finally there is a back room that could be used as an office or storage. The unfinished basement has plenty of room for extended storage. Through the backdoor there is an back yard . Total Utilities are approx $5,700 per year, taxes are $9,260
Palmyra is located in New Jersey. Palmyra, New Jersey has a population of 7,296. Palmyra is less family-centric than the surrounding county with 23.8% of the households containing married families with children. The county average for households married with children is 32.59%.
The median household income in Palmyra, New Jersey is $68,307. The median household income for the surrounding county is $82,839 compared to the national median of $57,652. The median age of people living in Palmyra is 42.1 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 22.9 degrees. The average rainfall is approximately 47.1 inches per year, with 1.9 inches of snow per year.