Lexington Ave, 08110- Rare Camden County Duplex with $38,400 Gross Income
$299,900.00
Pennsauken Township | Legal Duplex | Instant Cash Flow | Rare Multifamily Opportunity
22xx Lexington Ave, Pennsauken, NJ 08110
ATTENTION MULTIFAMILY INVESTORS!
Hereβs a rare legal duplex opportunity in Pennsauken Township, Camden County offering immediate cash flow in a market where multifamily inventory is extremely limited. This 1,582 sq ft property features a strong 4-bed + 1-bed configuration, long-term tenancy, and stable in-place income, making it an attractive buy-and-hold play with dependable cash flow and future upside.
π Property Details:
- Legal Duplex
- Approx. 1,582 sq ft
- Located in Pennsauken Township, Camden County
π§© Unit Breakdown:
Unit 1
- 4 Bed / 1 Bath
- Rented for $2,000/month
- Long-term tenant in place for 6 years
- Currently month-to-month
- Layout includes:
- 2 bedrooms on the main level
- 2 additional legal bedrooms in the basement with windows and closets
Unit 2
- 1 Bed / 1 Bath
- Rented for $1,200/month
- Lease renewed June 3, 2026 for one year
- Converts to month-to-month thereafter
π° Investor Highlights:
- Annual Gross Rental Income: $38,400
- Estimated 9%+ cap rate
- Immediate cash flow from day one
- Strong long-term tenant history
- Rare multifamily opportunity in a tight-inventory market
- Excellent fit for buy-and-hold investors seeking stable income
π₯ Why This Deal Stands Out:
- Legal duplex in a market with very limited multifamily supply
- Long-term tenants provide income stability
- Attractive unit mix with strong rental demand
- Opportunity for future upside as leases roll over
πβοΈ Call or text our team at: 215-395-6211
Showings by Appointment Only β Serious Buyers / Investors Only.
Address
22xx Lexington Ave, Pennsauken, NJ 08110ο»Ώ
City
Pennsauken
State
NJ
Zip Code
08110ο»Ώ
Bed/Bath
5/2
SQFT
1,582


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