3 Beds
1 Bath
1,001 SqFt
3 Beds
1 Bath
1,001 SqFt
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,001 sqft
Price per Sqft $134
Subdivision None Available
MLS Listing ID NJCB2024334
Style Colonial
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,001
Year Built 1875
Annual Tax Amount $2,347
Tax Year 2024
Lot Size 5,850 Sqft
Acres 0.13
Lot Dimensions 43.00 x 136.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Featuring natural gas forced air heating and gas hot water, the home's core systems are already in place. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just $2,350, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers.
Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!
Location
State NJ
County Cumberland
Area Millville City (20610)
Zoning RES
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Millville Board Of Education
Others
Senior Community No
Tax ID 10-00301-00005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Financing Cash,Conventional,VA
Special Listing Condition Standard
