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22 Colonial Ct 22, Galloway Township, NJ 08205

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For Sale

$209,900

2 beds • 2 baths • 1,110 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Condominium
    Property type

  • Newly Listed
    Time on Century 21

  • $189.10
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Welcome to 22 Colonial Ct., a smart investment opportunity nestled in the sought-after Mattix Crossing community of Galloway, NJ! This well-maintained first-floor condo features 2 spacious bedrooms and 2 full bathrooms across 1,110 sq. ft. of comfortable living space. Situated in a private, end-unit location at the back of the development, this home offers peace, privacy, and proximity to nature with wooded views right outside your windows. Inside, you'll find a functional layout with a dedicated dining room, cozy living space, efficient kitchen, and a utility/laundry room for convenience. No recent updates needed this unit already has tenants in place, making it turnkey for investors looking to start earning from day one. Here is your Investment Snapshot: Listed at $209,900, this property brings in $1,880/month in rental income. With annual expenses totaling just $7,590, your Net Operating Income is a solid $14,970/year. That s a monthly cash flow of $1,247.50, with a Gross ROI of 10.74% and a Cap Rate of 7.13% exceptional metrics for the area! Low property taxes ($2,590/year) and reasonable HOA fees ($1,800/year) make the operating costs manageable while providing access to a well-kept condo community. The tenants are responsible and pay on time, giving you peace of mind and consistent cash flow. Whether you're a seasoned investor or just starting out, this property checks all the boxes: strong returns, low maintenance, great location, and reliable tenants. Don't miss out on this income-producing gem!
MLS# 600421

Courtesy Of Century 21 Action Plus Realty - Northfield

(609) 699-5525

Property Features

  • Age
    31-40 Years Old
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Refrigerator, Washer
  • Heating System
    Forced Air
  • Rooms
    Dining Room

Map and Directions

Directions to 22 Colonial Ct 22, Galloway Township, NJ 08205

Home seller CENTURY 21 Atlantic Professional Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atlantic Professional Realty

(609) 652-6000
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.