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517 N 2ND Street

MILLVILLE, NJ 08332
  • $325,000
  • STATUS: Active
  • ON SITE: 79 Days
  • ID#: NJCB2020396
$325,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

Description

INSTANT CASH FLOW! 4 UNITS. This attached quadruplex is a rare find in Millville that combines the high gross rent revenue of a 4-unit multifamily property with the low taxes of an attached home. MONTHLY Gross rent is $3,875.00 per month and YEARLY Taxes are $3,200.00. Property is currently 100% occupied. There are 3 one bedroom, one bathroom units and 1 two bedroom, one bathroom unit. Bought in 2021, each of the units has been renovated since. All units are electric and have separate meters. Owner pays water/sewer/trash, RE taxes, and insurance. Pictured are two of the units -- other two units in similar condition. Add this cashflowing property to your portfolio or start your journey to long term wealth today!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-05T23:51:17.067.
www.rossrem.com/homes/155312349
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517 N 2ND Street MILLVILLE, NJ 08332

  • Price: $325,000
  • Status: Active
  • On Site: 79 Days
  • ID#: NJCB2020396
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1920
Built
Neighborhood:
Millville City (20610)
County:
Cumberland
Area:
Millville City (20610)
School District:
Millville Area
Property Description
INSTANT CASH FLOW! 4 UNITS. This attached quadruplex is a rare find in Millville that combines the high gross rent revenue of a 4-unit multifamily property with the low taxes of an attached home. MONTHLY Gross rent is $3,875.00 per month and YEARLY Taxes are $3,200.00. Property is currently 100% occupied. There are 3 one bedroom, one bathroom units and 1 two bedroom, one bathroom unit. Bought in 2021, each of the units has been renovated since. All units are electric and have separate meters. Owner pays water/sewer/trash, RE taxes, and insurance. Pictured are two of the units -- other two units in similar condition. Add this cashflowing property to your portfolio or start your journey to long term wealth today!
Exterior Features

Architectural Style Other Construction Materials Frame Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Heating Wall Unit Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Acceptable Financing ConventionalCashOther Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details Block Gross Income 46500.00 Heating Fuel Electric Hot Water Natural Gas Municipality MILLVILLE CITY Navigable Water YN N Net Operating Income 37757.54 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes InsuranceTrash Original MLSNumber 803362691068 Owner Pays SewerTaxes - Real EstateTrash CollectionWaterInsurance Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 3195.00 Tax Lot 00035 Total Actual Rent 46500.00 Trash Expense 960.00 Vacation Rental YN No Water Source Public Zoning RES

Listing courtesy of DePalma Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-05T23:51:17.067.
 
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