Welcome to 308 Pennington Ave, a fully renovated multifamily triplex in Waterford Works, Winslow Township, NJ! 11-12 cap opportunity awaits you. This **turnkey property** features **7 bedrooms** and **3 full bathrooms** across three units, making it an exceptional opportunity for both investors and homeowners. The home boasts a **brand new well** and **brand new septic system**, offering peace of mind and long-term reliability. With modern updates throughout, each unit is move-in ready, perfect for immediate occupancy or rental. The additional **detached garage** provides extra storage or rental potential, further enhancing the value of this investment. Located in a quiet, convenient area close to major highways and local amenities, this property is fully renovated and ready to **cash flow** from day one. Donât miss out on this prime opportunity to own a high-performing asset!!
2 Story Multi-Family. Unit #1 - Occupied 1 Bed, 1 Bath, 2 Floors. Unit #2 - Vacant 2 Bed, 1 Bath, 2 Floors. Unit #1 has Annual Lease that Renews in September. Seller would prefer the Tenant to stay with the Property. Perfect for Anyone who wants to live in the 2 Bed Unit and Collect Rent for the Other Unit, or an Investor that has a 2nd Tenant that needs a 2 Bed Unit. Seller Installed New Hot Water Heater on June 29th, a New Well Pump was in 2017, 2 Independent Boilers in Basement, 2 Separate Gas Meters, 2 Separate Electric Meters.
Waterford Works is located in New Jersey. Waterford Works, New Jersey has a population of 4,448. Waterford Works is more family-centric than the surrounding county with 35.91% of the households containing married families with children. The county average for households married with children is 29.33%.
The median household income in Waterford Works, New Jersey is $63,027. The median household income for the surrounding county is $65,037 compared to the national median of $57,652. The median age of people living in Waterford Works is 46.5 years.
The average high temperature in July is 86.8 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 45.7 inches per year, with 18.1 inches of snow per year.
