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$--
--beds
--baths
2,204sqft
10,206sqft lot
107 Willow Turn, Mount Laurel, NJ 08054
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Attention investors - 107 Willow Turn in Mount Laurel presents another compelling income-producing opportunity in one of South Jersey's most consistently strong rental markets, and as an end unit, it offers the added appeal that quality tenants actively seek out. Both units are rented month-to-month - Unit A is a 2-bedroom, 2-bath currently at $1,350/month and Unit B is a 3-bedroom, 2-bath currently at $1,525/month - generating $2,875 in combined monthly income and $34,500 in annual gross revenue from day one. The upside here is significant: current market rents for comparable units in Mount Laurel are approximately $2,200/month for a 2-bedroom, 2-bath and $2,400/month for a 3-bedroom, 2-bath - meaning targeted cosmetic improvements between tenancies and a disciplined lease renewal strategy could push combined monthly income toward $4,600, representing a potential increase of over $1,700 per month and more than $20,000 in additional annual gross income. Tenants pay their own electric, and while the landlord pays water, it is billed back to the tenants - keeping net operating expenses limited to sewer only and making this an exceptionally lean asset to operate. There is no HOA, eliminating an additional expense and giving the new owner maximum flexibility over the property. An attached garage rounds out a strong package. This property is also available as part of a two-property portfolio acquisition alongside 105A Willow Turn - offering a combined annual gross income of $71,40
Interior Details
2204
N/A
N/A
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
10206
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
No
No
No
No
No
No
No
Construction Details
Duplex Single
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$5,281
$41,000
$140,300
--%
$181,300
2019
$5,226
$41,000
$140,300
--%
$181,300
2018
$5,186
$41,000
$140,300
--%
$181,300
2017
$5,052
$41,000
$140,300
--%
$181,300
2016
$4,976
$41,000
$140,300
--%
$181,300
2014
$4,754
$41,000
$140,300
--%
$181,300
2013
$4,754
$25,000
$79,500
--%
$104,500
2012
$4,532
$25,000
$79,500
--%
$104,500
Average Home Price in 08054
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