$225,000
$219,900
2.3%For more information regarding the value of a property, please contact us for a free consultation.
79-81 PENN ST Penns Grove, NJ 08069
3,033 SqFt
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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Bought with Jill Santandrea • Exit Realty Defined