22 Colonial Ct #22, Galloway Township, NJ 08205
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
22 Colonial Ct #22,Galloway Township, NJ 08205
$209,900
- 2 Beds
- 2 Baths
- - sq. ft.
- Condominium
- Active
Listed by:derek doernbach
Office:century 21 action plus realty - northfield
MLS#:600421
Source:NJ_SJSRMLS
Price summary
- Price:$209,900
About this home
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!
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Home facts
- Year built:1987
- Listing ID #:600421
- Added:1 day(s) ago
- Updated:September 15, 2025 at 02:10 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
Heating and cooling
- Cooling:Central
- Heating:Forced Air, Gas-Natural
Structure and exterior
- Year built:1987
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$209,900
- Tax amount:$2,587 (2024)
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