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Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,184 sqft
Price per Sqft $148
MLS Listing ID NJCB2020204
Sold Date 10/11/24
Style Colonial
Abv Grd Liv Area 2,184
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $4,732
Tax Year 2023
Lot Size 5,001 Sqft
Acres 0.11
Lot Dimensions 50.00 x 100.00
Property Description
TURN KEY CASHFLOWING TRIPLEX! Perfect add to your portfolio. Roof 5 years old. Water heaters 1 year old! This property has been updated and is well kept. All three units are occupied. State cert is in hand. The bedroom counts are 3 bedrooms downstairs, 2 bedrooms on the second floor and 1 bedroom on the top floor. All have one bathroom. All utilities are metered separately. Owner pays water/sewer. Gross rents are currently $3,395.00 per month with room to go up. Listed currently as 10.22% cap rate at current rents (subject to your own expenses), with plenty of room for higher returns. These great triplex properties are hard to come by in this market -- this one is truly ready to go. Please contact for more information! Please allow time to set up showings.
Location
State NJ
County Cumberland
Area Millville City (20610)
Zoning RES
Rooms
Basement Outside Entrance
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Millville Board Of Education
Others
Tax ID 10-00301-00013
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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