Description
*** Investor Alert! Strong cap rate and annual return opportunity here. This two-unit duplex features two bedrooms and one bathroom in each unit, with tenants already in place and generating solid rental income. The property is producing an annual NOI of approximately $21,755.40, making it an attractive addition to an investment portfolio. Bring your finishing touches and unlock even more potential. With routine upkeep. This income-producing duplex is positioned to help you generate consistent monthly cash flow. This property is being sold as part of a larger portfolio with multiple locations throughout New Jersey. Buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal. The seller can also offer creative financing options, including the potential to take over the existing mortgage on these rental properties. Ask about it before or after your tour. Located in a convenient area near local parks, dams, bridges, eateries, and entertainment, this duplex offers both investment appeal and neighborhood amenities. The seller is selling AS IS. All units are up to date with TWP CO's and housing where necessary. Seller would like the buyer to use his title company to purchase. Buyer responsible for their own Due Diligence before purchase. Don't miss this opportunity-schedule your showing today!
Details
| MLS # | NJCB2031500 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1919 |
| Days On Site | 92 |
| Listing Provided By | Keller Williams - Main Street | Carol Terrell |
Features
| SQ Feet | 1,342 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | B-1 |
| Acreage | 0.12 |
Interior
| Rooms Total | 8 |
|---|---|
| Cooling | Central A/C, Ceiling Fan(s) |
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Block, Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Dirt Driveway |
Taxes
| Tax Annual Amount | 3102 |
|---|
Area Information
| State | NJ |
|---|---|
| County | CUMBERLAND NJ |
| City | MILLVILLE |
| Zip Code | 08332 |
| Area | Millville City (20610) |
| School District | MILLVILLE AREA |
| Elementary School | HOLLY HEIGHTS E.S. |
| High School | MILLVILLE SENIOR H.S. |
| Listing VS Median (in 08332) | |
Price: $250,000 low | high Med: $241,000 sqft: 1,342 low | high Med: 1,321 $ / sqft: $186 low | high Med: $189 On site: 92 low | high Med: 73.5 | |
Market Activity 08332
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NJ |
|---|---|
| County | CUMBERLAND NJ |
| City | MILLVILLE |
| Zip Code | 08332 |
| Area | Millville City (20610) |
| School District | MILLVILLE AREA |
| Elementary School | HOLLY HEIGHTS E.S. |
| High School | MILLVILLE SENIOR H.S. |
| Listing VS Median (in 08332) | |
Price: $250,000 low | high Med: $241,000 sqft: 1,342 low | high Med: 1,321 $ / sqft: $186 low | high Med: $189 On site: 92 low | high Med: 73.5 | |
 | $225,00012 N 8th StMillville, NJ 08332 |