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Nick Lutkins

nick@lutkinsgroup.com +1(703) 626-6276

Listed by Carol Terrell • Keller Williams - Main Street

$225,000

Est. payment - /mo

1,778 SqFt

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Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,778 sqft

Price per Sqft $126

MLS Listing ID NJCB2031488

Style Federal

Abv Grd Liv Area 1,778

Year Built 1887

Annual Tax Amount $3,423

Tax Year 2025

Lot Size 5,502 Sqft

Acres 0.13

Lot Dimensions 50.00 x 110.00

Property Sub-Type Detached

Source BRIGHT

Property 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 $28,373, 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!

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning R2

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Ceiling Fan(s), Window Unit(s)

Inclusions All Appliances and Fixtures are being transferred in their AS IS Condition.

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 12.0

Water Access N

Roof Type Architectural Shingle

Accessibility None

Total Parking Spaces 12

Garage N

Building

Foundation Block, Concrete Perimeter, Crawl Space

Above Ground Finished SqFt 1778

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Silver Run E.S.

Middle Schools Lakeside M.S.

High Schools Millville Senior H.S.

School District Millville Area

Others

Tax ID 10-00105-00016

Ownership Fee Simple

SqFt Source 1778

Acceptable Financing Cash, Conventional, Negotiable, Seller Financing

Listing Terms Cash, Conventional, Negotiable, Seller Financing

Financing Cash,Conventional,Negotiable,Seller Financing

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Nick Lutkins

+1(703) 626-6276

Team Leader, Realtor

24 CEDAR ST Millville, NJ 08332

Nick Lutkins

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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