Penns Grove, NJ 08069,79-81 PENN ST
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Penns Grove, NJ 08069,79-81 PENN ST
Penns Grove, NJ 08069,79-81 PENN ST
Penns Grove, NJ 08069,79-81 PENN ST
Penns Grove, NJ 08069,79-81 PENN ST

$225,000

Est. payment /mo

$219,900

2.3%
Est.Price: ?

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79-81 PENN ST Penns Grove, NJ 08069

3,033 SqFt

SOLD DATE : 06/04/2024

Key Details

Sold Price $225,000

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,033 sqft

Price per Sqft $74

MLS Listing ID NJSA2010778

Style Colonial

Year Built 1940

Annual Tax Amount $5,858

Tax Year 2023

Lot Size 5,934 Sqft

Property Description

Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning RES

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Exterior

Water Access N

Roof Type Shingle

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Acceptable Financing Cash, Conventional, Other, Private

Listing Terms Cash, Conventional, Other, Private

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Robert J Sapienza Jr. • Lamb Realty
Bought with Jill Santandrea • Exit Realty Defined

Jason Gareau

Broker

+1(609) 929-4486

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