107 WILLOW TURN
Property Description
Attention investors 107 Willow Turn in Mount Laurel presents another compelling income-producing opportunity in one of South Jersey's most consistently strong rental markets, and as an end unit, it offers the added appeal that quality tenants actively seek out. Both units are rented month-to-month Unit A is a 2-bedroom, 2-bath currently at $1,350/month and Unit B is a 3-bedroom, 2-bath currently at $1,525/month generating $2,875 in combined monthly income and $34,500 in annual gross revenue from day one. The upside here is significant: current market rents for comparable units in Mount Laurel are approximately $2,200/month for a 2-bedroom, 2-bath and $2,400/month for a 3-bedroom, 2-bath meaning targeted cosmetic improvements between tenancies and a disciplined lease renewal strategy could push combined monthly income toward $4,600, representing a potential increase of over $1,700 per month and more than $20,000 in additional annual gross income. Tenants pay their own electric, and while the landlord pays water, it is billed back to the tenants keeping net operating expenses limited to sewer only and making this an exceptionally lean asset to operate. There is no HOA, eliminating an additional expense and giving the new owner maximum flexibility over the property. An attached garage rounds out a strong package. This property is also available as part of a two-property portfolio acquisition alongside 105A Willow Turn offering a combined annual gross income of $71,400 at current rents, with a combined market rate upside significantly better once both properties are stabilized. Mount Laurel's access to I-295, the New Jersey Turnpike, Route 73, and Route 38 approximately 20 minutes to Philadelphia and an hour to the Jersey Shore ensures consistent tenant demand and low vacancy. Whether you are building a portfolio or making your first investment move, 107 Willow Turn is worth a serious look. Contact the listing agent to schedule your showing today.Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors 856-981-1743
MLS ID: 136096
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $449,900 |
| Year Built: | 1979 |
| Lot Size: | 2,204.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-NJBL2117674
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