$85,000
$89,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
721 E VINE ST Millville, NJ 08332
5 Beds
2 Baths
1,460 SqFt
Key Details
Sold Price $85,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,460 sqft
Price per Sqft $58
Subdivision Na
MLS Listing ID NJCB125946
Style Other
Bedrooms 5
Full Baths 1
Half Baths 1
Year Built 1922
Annual Tax Amount $2,552
Tax Year 2019
Lot Size 5,220 Sqft
Property Description
This property is being sold as a PACKAGE along with 322 F St., 809 N 4th St., 708 N 4th St., and 607 E Vine St. in Millville. Each property is listed individually as the MLS necessitates, but not one of the properties is being sold individually. Each property is priced the same at $89,900 because the list price for the entire package is $89,900 times 5, or $449,500. All offers must be made with the total list price in mind. All properties are tenant-occupied. This property currently rents for $1,415.00 per month + utilities. The seller is responsible for maintenance, taxes, and insurance. Altogether the properties gross an annual rental income of $85,380. All of the properties are being sold in "as-is" condition and all certifications, inspections, and necessary repairs for financing are the responsibility of the buyer. The properties are in general good shape, taken care of by the landlord and tenants and are positive cash-flowing. At the total purchase price, together they grossing 19% cap without taking away for administrative/maintenance expenses, taxes, and insurance.
Location
State NJ
County Cumberland
Area Millville City (20610)
Zoning R-5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Pool Above Ground
Water Access N
Building
Story 2
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Millville Area
Others
Special Listing Condition Standard
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Bought with Michael DePalma • DePalma Realty