2 months on rocket

1 Madison Ave, Mount Holly, NJ, 08060

$639,900

Home List Price

$7,599*

Closing Credit

0 Baths
3,200 SqFt
$200/SqFt
House

Location

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1 Madison Ave, Mount Holly$639,900

Buyer Closing Credits

$7,599*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingPublic, Paved Parking, Parking Lot
Year Built1900
HeatingOther
CoolingWall Unit(s)
BasementYes
MLS #NJBL2072340
StatusActive
(ACTIVE)

About 1 Madison Ave

GREAT INVESTMENT OPPORTUNITY FOR SMALL BUSINESS OWNERS AND ENTREPRENEURS! This is a must-see for anyone looking to start their own business. Check it out before it's too late! Spacious 1st Floor RETAIL space located in downtown historical Mount Holly with low monthly rent. It's currently a restaurant. This is a place where you can upstart and grow your own business. It's in the UEZ Commercial zone and has a diverse number of uses for your own business, including a restaurant, bar, beauty salon/barber shop, art gallery, coffee shop, and so much more potential (obtain more information on applications for funding via possible grants or loan applications to outfit your business from the County or State UEZ Department). This storefront was previously used as a food service shop and has a mop sink included. It hosts 2 bathrooms with extra space to outfit another one if you desire, (consult a Licensed Contractor). This building is being sold as-is. There are 2 built-in heating/air conditioning units already in place, and also have ductwork and hookups available if you want to install a condenser unit to convert to central air and heat (consult a licensed contractor). There is an opportunity to also subdivide the business into 2 or 3 business opportunities (must be approved by the township planning board). There are 2 separate front door entrances in the front and a rear door entrance as well. In the store, all bathrooms, floorings, and kitchen was completely renovated. The roof is metal and had a partial replacement. All commercial windows, front doors, and apartment windows were replaced. The plumbing and electrical were updated. All new gutters were recently installed. The restaurant downstairs, 2 bedroom apartment and 1 bedroom apartment upstairs, are fully leased. The restaurant is paying $2,275.00 a month; the 1 bedroom apartment upstairs is currently paying $1,650.00 a month rent; and, the 2 bedroom apartment upstairs is currently paying $1,850.00 a month rent, bringing the total monthly rent to $5,775.00 a month revenue; $69,300 annual gross income. All tenants pay their own utilities and the water bill is split 3 ways between the tenants. This building is in a great location down the street from Virtua Memorial Hospital and at the corner of Madison and Washington streets where the NJ Transit bus stop is located. PLEASE DO NOT APPROACH THE OWNER OF ZADDY'S RESTAURANT. Make your offer before it's too late !!!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1900
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (866) 201-6210
  • Listing Agent: Angeline Marie Martin

Interior Features

Interior Information:

  • Appliances: Range, Dryer, Exhaust Fan, Instant Hot Water, Oven, Gas Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater
  • Basement: Yes
  • Flooring Type: Tile/Brick
  • Interior: Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Curved Staircase, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Gourmet, Store/Office, Wood Floors, Additional Stairway

Exterior Features

Exterior Information:

  • Exterior: Exterior Lighting, Flood Lights, Sidewalks

Parking Information:

  • Parking: Public, Paved Parking, Parking Lot

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: Corner of Madison Avenue and Washington Street, Mount Holly, NJ 08060

Municipality:

  • Mount Holly Twp

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,900
  • Price Per SqFt: $200/SqFt
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Housing Market Comparison

See how this home compares to others in Mount Holly, NJ.

Med. Sold Price

$410K

Med. Price/SqFt

$220

Avg. Days On Market

28

# of Sold Homes

29

1 Madison Ave vs Mount Holly

70 DAYS ON ROCKET

+42 Days

$639,900

+$229.9K More

$200/SqFt

-$21 Less

KEY TAKEAWAY

This property is $229.9K more than the Median Sold Price and $21/SqFt less than other homes in Mount Holly, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJBL2072340

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (866) 201-6210
  • Listing Agent: Angeline Marie Martin

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,261

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-246666
5
/10
  • Gertrude C. Folwell Elementary School

  • 455 Jacksonville Rd

  • 0.98 miles

  • Public District Grades 3-5

school-card-donut-246667
4
/10
  • Holly Hills Elementary School

  • 500 Ogden Dr

  • 1.04 miles

  • Public District Grades PK-4

school-card-donut-246668
3
/10
  • Bobby's Run Elementary School

  • 32 Dimsdale Dr

  • 1.37 miles

  • Public District Grades 4-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,212. The majority of Mount Holly, NJ residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1 Madison Ave

What is the listing price of this property?

The listing price of 1 Madison Ave property is $639,900.

What type of property is this?

The property 1 Madison Ave is a house located in Mount Holly, New Jersey, 08060.

Is this property for sale now?

Active Listing: 1 Madison Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 1 Madison Ave is 3,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1 Madison Ave is 1900.

Rocket Homes›New Jersey›Burlington County›Mount Holly›08060›1 Madison Ave

This home is located at 1 Madison Ave in Mount Holly, NJ and zip code 08060 in the Clermont neighborhood. This 3,200 square foot home was built in 1900. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $639,900.

In October 2024 more than 10 listings in Mount Holly, NJ were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 10 were sold below. The inventory of homes for sale in Mount Holly, NJ between September 2024 and October 2024 decreased by 12.2%. While the average time on the market in October 2024 was 28 days, the median list price was $410,000.

From Rocket Homes Real Estate and based on county public records data.

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