7 S Read Ave, Runnemede, NJ 08078
***PRICE IMPROVEMENT!***
STARTING: $245,000
ARV ≈ $360,000
2026 FMR: $2,260
Spacious 3-bed, 3-bath single-family home (approximately 960 sq ft) featuring central air, forced heat, solar panels, and a finished basement. Located in a quiet, desirable neighborhood, this home offers excellent potential for investors looking for a light-to-moderate rehab or long-term rental hold. The property sits on a 0.24-acre lot, has 2024 taxes of $6,844.61, and is serviced by public water and sewer. Built in 1968, it has solid bones, modern utilities, and easy access to Route 42 and 295 making it attractive to both homeowners and renters.
Nearby renovated homes are selling in the mid-to-high $300s, providing a strong resale ceiling while keeping rehab costs manageable thanks to the home’s smaller footprint.
Nearby Comps:
With a projected ARV in the $330K–$350K+ range, this property has plenty of equity and solid upside potential. Solar savings, a finished basement, and strong nearby comps make this an excellent investment for flippers or buy-and-hold landlords alike.
📲 Contact Harshil or Gwynna directly at 856-512-1899 for details and access.
Property will be delivered VACANT at closing!