Active under contract Property MLS# NJCD2125390

3400 COVE

MERCHANTVILLE, NJ 08109

$550,000

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About 3400 COVE

One property, four separate income-producing units, and a mix of residential and commercial use that gives an investor multiple ways to generate revenue from a single address. 3400 Cove Rd features three residential units along with a street-level commercial space currently operating as a barber shop. The residential mix includes a 3-bedroom unit and two 2-bedroom units, with finished attic areas adding additional usable room to two of the apartments. The commercial space includes its own half bath and an established tenant. With all four units currently occupied, the income is already in place. Three residential rentals combined with a commercial tenant also create a diversified rent roll rather than relying on a single source of income. Conveniently positioned near major roadways, shopping, public transportation and the surrounding Merchantville and Pennsauken area, the location keeps tenants connected to everyday necessities and employment centers throughout South Jersey and Philadelphia. For the investor looking to add multiple doors without purchasing multiple properties, this is where the opportunity gets interesting. Four occupied units, multiple income streams and a property already producing from day one. Take a closer look at what 3400 Cove Rd could add to your portfolio.

Property details

Property

Type
Mixed use
MLS type
Other
Status
Active under contract
Year built
2020
Lot
0.07
Original price
$550,000
MLS #
NJCD2125390

Interior

Features
true, Radiant, Radiator, Natural Gas
Heating
true, Radiant, Radiator

Exterior & lot

Construction
Brick
Lot
RESIDENTIAL, 27-03109-00033

Schools

District
Pennsauken Township School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN
Annual tax
$9,928
Tax year
2025
Parcel
27-03109-00033

Location

Area
Merchantville Boro (20424)
County
CAMDEN-NJ
Community
CAMDEN-NJ, BRIGHT_MAIN, PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Directions
Park Ave to Cove Rd

Location

Neighborhood
NONE AVAILABLE
School district
Pennsauken Township School District

Ask about this property

Questions on 3400 COVE, MERCHANTVILLE, NJ 08109, or want to see it in person?

Listed by Alessandro Falcao, Real Broker, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.