2213 Lexington Ave, Pennsauken, NJ 08110

Property Description

INVESTOR SPECIAL – INCOME-PRODUCING DUPLEX! Excellent opportunity at 2213 Lexington Avenue featuring TWO occupied units generating a combined $3,200 PER MONTH / $38,400 ANNUALLY in current gross rent! The DOWNSTAIRS UNIT is officially recorded as a 2-bedroom, 2-full-bathroom unit and is currently configured with 4 total sleeping rooms. Two rooms are bonus spaces and are NOT represented as legal bedrooms unless independently verified with the municipality. The downstairs tenant is on a MONTH-TO-MONTH LEASE paying $2,000 per month. The UPSTAIRS UNIT features 1 bedroom, 1 full bathroom, a living room and an eat-in kitchen. The upstairs tenant is on a ONE-YEAR LEASE ending in June 2027 and pays $1,200 per month. A major highlight is the OVERSIZED DRIVEWAY with parking for approximately SEVEN VEHICLES, plus a detached one-car garage! Separate meters and gas water heaters add to the investment appeal. Approximately $10,000 has recently been invested in repairs and maintenance. Conveniently located near major roads, shopping and transportation. Property is being sold strictly AS-IS. Seller will make no repairs. Buyer is responsible for all inspections, due diligence and any lender or municipal requirements. Schedule your showing and explore the income potential!