1607 FILMORE ST Camden, NJ 08104
3 Beds
1 Bath
1,350 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $51
Subdivision Waterfront South
MLS Listing ID NJCD2125872
Style Federal
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,350
Year Built 1920
Annual Tax Amount $538
Tax Year 2025
Lot Size 1,455 Sqft
Acres 0.03
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
An adjacent vacant lot provides additional open space along one side of the property. Please note that the vacant lot is NOT included in this sale and is under separate ownership. Buyers interested in potentially expanding the property footprint may independently investigate the ownership and possible acquisition of the neighboring lot. Seller makes no representation regarding its availability for purchase.
The current seller purchased the property with plans to renovate but has since decided to focus on another project, creating an opportunity for the next investor to take over and bring their vision to the property.
For investors evaluating the numbers, renovated properties in the area are estimated to sell in the range of approximately $165,000 to $190,000. Projected market rents are approximately $1,500 to $1,700 per month. Using an estimated total acquisition and renovation investment of approximately $125,000, projected annual net operating income could range from approximately $13,062 to $15,102, representing an estimated return on total investment of approximately 10.4% to 12.1%.
For a potential fix-and-flip strategy, a $125,000 total acquisition and renovation basis compared with an estimated renovated value of $165,000 to $190,000 represents a potential gross spread of approximately $40,000 to $65,000 before financing, carrying costs, closing costs, realtor fees, taxes, resale expenses, and other costs.
Property is being sold strictly AS-IS. Seller will make no repairs or improvements. Buyer is responsible for obtaining the Camden City Certificate of Occupancy and any required municipal approvals, as well as all construction, permit, inspection, utility activation or reconnection fees, and other costs associated with rehabilitating the property.
All values, rents, expenses, renovation costs, returns, and projections are estimates provided for informational purposes only. Buyer should perform their own due diligence and independently verify all figures.
Bring your contractor and your vision. This is an opportunity to transform a property from the ground up for either resale or a long-term investment.
Location
State NJ
County Camden
Area Camden City (20408)
Zoning RES
Rooms
Basement Full
Interior
Hot Water None
Heating None
Cooling None
Heat Source Oil, Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Story 2
Foundation Permanent
Above Ground Finished SqFt 1350
Sewer Public Sewer
Water Public
Architectural Style Federal
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Camden City Schools
Others
Senior Community No
Tax ID 08-00468-00030
Ownership Fee Simple
SqFt Source 1350
Acceptable Financing Cash, FHA 203(k), Conventional
Listing Terms Cash, FHA 203(k), Conventional
Financing Cash,FHA 203(k),Conventional
Special Listing Condition Standard
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