Millville, NJ 08332,308-310 5TH ST S
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Millville, NJ 08332,308-310 5TH ST S
Millville, NJ 08332,308-310 5TH ST S
Millville, NJ 08332,308-310 5TH ST S
Millville, NJ 08332,308-310 5TH ST S

$364,000

Est. payment /mo

$425,000

14.4%
Est.Price: ?

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308-310 5TH ST S Millville, NJ 08332

2,944 SqFt

SOLD DATE : 01/10/2024

Key Details

Sold Price $364,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,944 sqft

Price per Sqft $123

Subdivision Millviile

MLS Listing ID NJCB2015348

Style Other

Year Built 1892

Annual Tax Amount $3,271

Tax Year 2022

Lot Size 5,760 Sqft

Property Description

Prime Investment Opportunity - Fully Occupied 4-Unit Rental Property

Welcome to this excellent investment opportunity! This fully occupied 4-unit rental property is a smart choice for investors looking for steady income in a sought-after location.

Property Details:

1st Floor, Unit 308: 2BR - Monthly rent $1,150.00
2nd Floor, Unit 308: 2BR & Attic - Monthly rent $1,500.00 (tenant moving, new rent will be $1,600.00)
1st Floor, Unit 310: 2BR - Monthly rent $1,600.00
2nd Floor, Unit 310: 2BR & Attic - Monthly rent $1,450.00
Financials:

Gross Rental Income: $68,400.00 per year
Net Income: Approximately $52,571.00 per year
Property Highlights:

Tenants pay for their own utilities, reducing landlord expenses.
Recent roof replacement on 308 1st floor front and back, and two new water heater's that are still under warranty reducing maintenance costs.
Freshly painted apartments, enhancing the property's appeal.
This property offers a solid income stream, and with the upcoming rent increase, it presents a potential for even higher returns. Located in a desirable area, it's an opportunity that shouldn't be missed. Contact us for more information and to schedule a viewing.

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning R

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Equipment Oven/Range - Gas, Built-In Range

Exterior

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Millville Area

Others

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Larry J DePalma • DePalma Realty
Bought with William Cupe • Better Homes and Gardens Real Estate Maturo

Jason Gareau

Broker

+1(609) 929-4486

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