Penns Grove, NJ 08069,19-21 W GRIFFITH ST
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Penns Grove, NJ 08069,19-21 W GRIFFITH ST
Penns Grove, NJ 08069,19-21 W GRIFFITH ST
Penns Grove, NJ 08069,19-21 W GRIFFITH ST
Penns Grove, NJ 08069,19-21 W GRIFFITH ST

$285,000

Est. payment /mo

$285,000

Est.Price: ?

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19-21 W GRIFFITH ST Penns Grove, NJ 08069

1,364 SqFt

SOLD DATE : 01/25/2024

Key Details

Sold Price $285,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,364 sqft

Price per Sqft $208

MLS Listing ID NJSA2009622

Style Dwelling w/Separate Living Area

Year Built 1940

Annual Tax Amount $4,340

Tax Year 2022

Lot Size 5,554 Sqft

Property Description

Excellent investment property to add to your portfolio located just off of Main street in Penns Grove close to Route 295 minutes to Delaware and close to Philadelphia. Great asset to add to your investment portfolio, 3 unit investment property with a duplex and single family home on one lot. The duplex is top and bottom with 2 large 1BR units, the 1st floor unit is set up as a 2 bedroom but and has laundry hookups for tenant. The second floor unit is spacious with large eat in kitchen, living room area and 1 large bedroom that could have been 2 bedrooms at one point. The single-family home is another one-bedroom unit but set up as 2 bedrooms, eat-in kitchen and large living room. Great rental income at $1,000/ month with even more upside if needed and leases in place for each tenant on a year-to-year basis. There is a large parking area for tenants along with street parking, separate entrances for each unit and multiple access points for two of the units. All utilities are separate with newer HVAC systems and hot water heaters. All units have been upgraded throughout with flooring, baths, kitchens etc . This is a turnkey operation with excellent rental history and a cap rate of 9.75% return on investment. Excellent opportunity awaits, showings through agents only and full P&L/ OM upon request. $3,000 selling bonus to buyer's agent with full price purchase. The sale includes 17 ,19 & 21 Griffith Street

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning RESIDENTIAL

Interior

Hot Water Natural Gas

Cooling Window Unit(s)

Exterior

Water Access N

Building

Foundation Crawl Space

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sidney Benstead • BHHS Fox & Roach-Marlton
Bought with Ryan P Sykes • RealtyMark Properties

Jason Gareau

Broker

+1(609) 929-4486

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