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Nick Lutkins

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

Listed by Carol Terrell • Keller Williams - Main Street

$375,000

Est. payment - /mo

2,578 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,578 sqft

Price per Sqft $145

MLS Listing ID NJCB2031504

Style Converted Dwelling,Colonial

Abv Grd Liv Area 2,578

Year Built 1927

Annual Tax Amount $4,567

Tax Year 2025

Lot Size 902 Sqft

Acres 0.02

Lot Dimensions 10.00 x 0.00

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 $42,348.84 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 B-1

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Forced Air

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

Water Access N

Roof Type Architectural Shingle

Accessibility None

Garage N

Building

Foundation Block, Concrete Perimeter

Above Ground Finished SqFt 2578

Sewer Private Sewer

Water Public

Architectural Style Converted Dwelling, Colonial

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 10-00426-00005

Ownership Fee Simple

SqFt Source 2578

Acceptable Financing Cash, Conventional, FHA 203(b), Negotiable, Seller Financing

Listing Terms Cash, Conventional, FHA 203(b), Negotiable, Seller Financing

Financing Cash,Conventional,FHA 203(b),Negotiable,Seller Financing

Special Listing Condition Standard

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Nick Lutkins

+1(703) 626-6276

Team Leader, Realtor

513-515 E PINE ST Millville, NJ 08332

Nick Lutkins

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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