305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
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Edward Rogers

Edward Rogers

+1(267) 231-7212
Listed by Mike DePalma • DePalma Realty
$ 289,900
Est. payment | /mo

1,933 SqFt

Save
$ 289,900
Est. payment | /mo
Save

1,933 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,933 sqft

Price per Sqft $149

MLS Listing ID NJCB2031048

Style Federal

Abv Grd Liv Area 1,933

Year Built 1917

Annual Tax Amount $3,443

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 66.00 x 150.00

Property Sub-Type Triplex

Source BRIGHT

Property Description

TURNKEY CASHFLOWING TRIPLEX! This 3-unit property has two 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. The two bedroom units are currently occupied while the 3rd is vacant. With just the two leased, the rent roll is $2,535.00 per month, and current 1 bedroom rents in Millville average an asking price of $1,100.00 or more. With all three leased, an investor would expect gross rents of $43,620.00 annually, making this a very strong investment in a good location within a great rental market overall. Both currently leased units are month-to-month. All units have their own electric and gas meters for easy utility management. In addition, the current lease includes a monthly water/sewer fee that generally covers the cost, leaving the landlord responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. This property is priced to move quickly to qualified buyers. If you've been looking for a strong and stable multi-family property to start, add to, or diversify your investment portfolio, this is a strong option. Take a look today!

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning RESIDENTIAL

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Inclusions All landlord owned appliances, fixed items, and utility systems.

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Above Ground Finished SqFt 1933

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Millville Area

Others

Tax ID 10-00479-00023

Ownership Fee Simple

SqFt Source 1933

Acceptable Financing Conventional, FHA, VA, Cash

Listing Terms Conventional, FHA, VA, Cash

Financing Conventional,FHA,VA,Cash

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Edward Rogers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA

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305 S 2ND ST