$285,000
$285,000
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1,364 SqFt
SOLD DATE : 01/25/2024
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,364 sqft
Price per Sqft $208
MLS Listing ID NJSA2009622
Sold Date 01/25/24
Style Dwelling w/Separate Living Area
Abv Grd Liv Area 1,364
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $4,340
Tax Year 2022
Lot Size 5,554 Sqft
Acres 0.13
Lot Dimensions 50.00 x 111.10
Property Description
Excellent investment property to add to your portfolio located just off of Main street in Penns Grove close to Route 295 minutes to Delaware and close to Philadelphia. Great asset to add to your investment portfolio, 3 unit investment property with a duplex and single family home on one lot. The duplex is top and bottom with 2 large 1BR units, the 1st floor unit is set up as a 2 bedroom but and has laundry hookups for tenant. The second floor unit is spacious with large eat in kitchen, living room area and 1 large bedroom that could have been 2 bedrooms at one point. The single-family home is another one-bedroom unit but set up as 2 bedrooms, eat-in kitchen and large living room. Great rental income at $1,000/ month with even more upside if needed and leases in place for each tenant on a year-to-year basis. There is a large parking area for tenants along with street parking, separate entrances for each unit and multiple access points for two of the units. All utilities are separate with newer HVAC systems and hot water heaters. All units have been upgraded throughout with flooring, baths, kitchens etc . This is a turnkey operation with excellent rental history and a cap rate of 9.75% return on investment. Excellent opportunity awaits, showings through agents only and full P&L/ OM upon request. $3,000 selling bonus to buyer's agent with full price purchase. The sale includes 17 ,19 & 21 Griffith Street
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Dwelling w/Separate Living Area
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Tax ID 08-00045-00013
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Ryan P Sykes • RealtyMark Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "