1 Madison Avenue Mount Holly, NJ
$ 230,000
Property Attributes
  • MLS#NJBL394450
  • TypePending
  • CityMount Holly
  • AreaMount Holly Twp
  • Zip08060
  • Style
  • Year Built1900
  • Taxes$ 6107
  • Price$ 230,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Nancy Kowalik Real Estate Group
Data Source:
Bright MLS
Property Description

LOW TAXES AND POSITIVE CASH FLOW! INVESTORS don’t miss out on this AMAZING INVESTMENT/RENTAL OPPORTUNITY! This is a 2-FOR-1 DEAL: COMMERCIAL AND RESIDENTIAL! On the 1st floor is an attractive MULTI-USE retail store space and on the 2nd floor is two single-family units. Storefront is currently VACANT and can be a great investment to LEASE or use for your own business endeavors- your choice! Space offers 1,600 SQ FT and was formerly used as a food service shop and there is a pre-existing industrial refrigerator included. It has great potential for a number of other uses including but not limited to a restaurant, bar, coffee shop, art gallery, hair/nail salon, barber shop, laundromat and much more! On the 2nd floor you will find two rentable units, both FULLY TENANTED! Unit #1 offers 1 generously sized Bedroom, Full Bath, Kitchen and cozy Family Room area. Unit #2 has 2 Bedrooms, Full Bath, Kitchen, Den, as well as washer and dryer. Both units boast polished wood floors throughout most of the space and plenty of bright natural light. Commercial portion on 1st floor is also available to LEASE, refer to MLS# NJBL391252.This is truly a GREAT LOCATION, situated in the middle of Mt Holly’s busy downtown area with tons of shopping and major roadways nearby. Location offers HIGH VISIBILITY at the busy signalized intersection of King/Washington St. for tons of EXPOSURE for your thriving business. Mt. Holly has an estimated population of 24,338 people and 3,861 households with an average annual income of $153,728. It is a very vibrant and diverse town, being ranked #5 Most Diverse Suburb in Burlington County. ADDED BONUS: the property is also located in a NJ Urban Enterprise Zone (UEZ) and may be eligible for many statewide taxation benefits. Learn more about this by visiting NJ Department of Community Affairs website. Don’t miss your chance to acquire this AMAZING INVESTMENT OPPORTUNITY in the center of a LIVELY downtown community- without the hassle of traveling to the city! Call us TODAY to schedule your private showing before it’s too late!

Elementary School Middle School High School
Eastampton E.S. Eastampton M.S. Rancocas Valley Reg. H.S.
Price History
4/5/2021 Listed $230,000

General Features

Acceptable Financing USDA, Conventional, FHA
Accessibility Ramp - Main Level
Appliances Dishwasher, Oven/Range - Gas, Oven - Single, Stove, Microwave, Washer/Dryer Stacked
Architectural Style Other
Construction Materials Brick, Vinyl Siding
Cool Fuel Electric
Cooling Wall Unit
Days on Market 5
Electric 100 Amp Service
Elementary School EASTAMPTON E.S.
Exclusions Two ovens and cameras located inside 1st floor store space are not included.
Exterior Features Sidewalks, Street Lights
Flooring Wood, Tile/Brick, Carpet
Garage Y/N No
Heating Radiator
Interior Features Tub Shower, Wood Floors, Family Room Off Kitchen
Location Type Downtown
MLS Area Mount Holly Twp (20323)
Middle/Junior High School EASTAMPTON M.S.
Municipality MOUNT HOLLY TWP
New Construction No
Numberofunitsvacant 1
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 3
Ownership Fee Simple
Parking Features Paved Parking
Possession Immediate
Property SubType Other
Property Type Multi-Family
Roof Shingle
Sewer Public Sewer
Structure Type Over Storefront
Tax Annual Amount 6107.0
Tax Lot 00005
Tax Year 2020
Total Units 3
Two Bedroom 1
Vacation Rental Y/N No
View Street
Water Access Y/N No
Zoning Description 1st Floor is Commercial Zoned and 2nd Floor is Residential with 2 apartment units.

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Lot Dimensions 56.00 x 145.00
Lot Features Corner, Road Frontage
Lot Size Acres 0.19
Lot Size Source Assessor
Lot Size Square Feet 8120.00
Navigable Water Y/N No
Parking Lot - # Of Spaces 7
Pool Y/N No Pool
Total Parking Spaces 7
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 08060

AVG $260K
AVG $5,837
AVG 46
Year Built
AVG 1957
AVG 31
Data Provided by Walkscore ® not using MLS data

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