REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

Listed by Luis Ortiz • Keller Williams Realty

$70,000

Est. payment - /mo

3 Beds

1 Bath

1,350 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $51

Subdivision Waterfront South

MLS Listing ID NJCD2125872

Style Federal

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,350

Year Built 1920

Annual Tax Amount $538

Tax Year 2025

Lot Size 1,455 Sqft

Acres 0.03

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Investor opportunity in Camden Waterfront South! 1607 Filmore St is a twin home offering significant potential for a buyer looking for a full renovation project. The property requires a complete rehab and major renovations throughout, making it a potential option for a fix-and-flip or long-term hold strategy.

An adjacent vacant lot provides additional open space along one side of the property. Please note that the vacant lot is NOT included in this sale and is under separate ownership. Buyers interested in potentially expanding the property footprint may independently investigate the ownership and possible acquisition of the neighboring lot. Seller makes no representation regarding its availability for purchase.

The current seller purchased the property with plans to renovate but has since decided to focus on another project, creating an opportunity for the next investor to take over and bring their vision to the property.

For investors evaluating the numbers, renovated properties in the area are estimated to sell in the range of approximately $165,000 to $190,000. Projected market rents are approximately $1,500 to $1,700 per month. Using an estimated total acquisition and renovation investment of approximately $125,000, projected annual net operating income could range from approximately $13,062 to $15,102, representing an estimated return on total investment of approximately 10.4% to 12.1%.

For a potential fix-and-flip strategy, a $125,000 total acquisition and renovation basis compared with an estimated renovated value of $165,000 to $190,000 represents a potential gross spread of approximately $40,000 to $65,000 before financing, carrying costs, closing costs, realtor fees, taxes, resale expenses, and other costs.

Property is being sold strictly AS-IS. Seller will make no repairs or improvements. Buyer is responsible for obtaining the Camden City Certificate of Occupancy and any required municipal approvals, as well as all construction, permit, inspection, utility activation or reconnection fees, and other costs associated with rehabilitating the property.

All values, rents, expenses, renovation costs, returns, and projections are estimates provided for informational purposes only. Buyer should perform their own due diligence and independently verify all figures.

Bring your contractor and your vision. This is an opportunity to transform a property from the ground up for either resale or a long-term investment.

Location

State NJ

County Camden

Area Camden City (20408)

Zoning RES

Rooms

Basement Full

Interior

Hot Water None

Heating None

Cooling None

Heat Source Oil, Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Private Pool No

Building

Story 2

Foundation Permanent

Above Ground Finished SqFt 1350

Sewer Public Sewer

Water Public

Architectural Style Federal

Level or Stories 2

Additional Building Above Grade

New Construction N

Schools

School District Camden City Schools

Others

Senior Community No

Tax ID 08-00468-00030

Ownership Fee Simple

SqFt Source 1350

Acceptable Financing Cash, FHA 203(k), Conventional

Listing Terms Cash, FHA 203(k), Conventional

Financing Cash,FHA 203(k),Conventional

Special Listing Condition Standard

Read Less Info

GET MORE INFORMATION

Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

1607 FILMORE ST Camden, NJ 08104

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

1607 FILMORE ST