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1685 SHADOW LANE

Multi-family Recently Sold
$232,000

BTC: 3.61089494

ETH: 121.93583652

Sold on: 2021-07-20
2 days
0 room(s)
1,792 sqft

Overview

Perhaps the most straightforward investment. According to the owner, both units have been occupied continuously occupied for the last 10 years and have rarely been vacant for longer than a week. Both units have separate water and electric meters. Currently, the owner is paying for water. This can be easily changed. Both tenants are on month to month agreements and rent can be adjusted to current market value. According to a permit search, a roof was installed in 2012. The AC units also appear to have been upgraded at some point. It is recommended that potential buyers complete their own inspections. Both units are tiled throughout and are clean. This Duplex has 2 Bedrooms and 1 Bath on each side, Shared Laundry and Large Locked Storage Room for owners or tenant belongings. Short walk to end of street to access Oyster Creek Park walking trails. Owner is paying $1302 for basic insurance and their policy is available upon request. Tenants are currently paying $950 for each side. Owner is retiring and that is their reason for selling. This is a cash cow and is ready for the next owner.

Location

Details

Type:
Residential Income
Parking:
Boat / None / Open
Year Built:
1987
Lot:
0.16 Acres
Heating:
Central
Price/sqft:
$128
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$316,250
$233K – $524K
Confidence Low
List vs. estimate
$86K below estimate
List $229,900 · -27.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$128
-44.5% vs. city median $231
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,288
2021
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Eating Space In Kitchen

  • Parking

    • Boat

    • None

    • Open

    Property

    • Exterior Features: Storage

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 412005480005

    • Zoning: RMF15

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $3,288

  • Source details

    • MLS ID: A4503024

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Patio And Porch Features: Deck / Patio / Porch / Screened

    • Other Structures: Storage

    • Living Area: 1792

    • Water Source: Public

    • Lot Size Dimensions: 53 x 135

    • Subdivision Name: RUBYLEE

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SANDERLING REAL ESTATE