Penns Grove, NJ 08069,111 W PITMAN ST
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Penns Grove, NJ 08069,111 W PITMAN ST
Penns Grove, NJ 08069,111 W PITMAN ST
Penns Grove, NJ 08069,111 W PITMAN ST
Penns Grove, NJ 08069,111 W PITMAN ST

$87,900

Est. payment /mo

$85,000

3.4%
Est.Price: ?

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111 W PITMAN ST Penns Grove, NJ 08069

1,870 SqFt

SOLD DATE : 09/28/2016

Key Details

Sold Price $87,900

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,870 sqft

Price per Sqft $47

Subdivision River Front

MLS Listing ID 1003903009

Style Other

Year Built 1910

Annual Tax Amount $4,104

Tax Year 2015

Lot Size 6,240 Sqft

Property Description

Either buy this property as a total investment or live in one unit and rent the others to pay your mortgage. There is a roomy Victorian home, a separate two car garage, and a two bedroom apartment over the garages. Presently all of these spaces are rented. The front home brings in $1,100/ month, the 2 bedroom apartment generates $850/ month, and the garage is rented for $50/ month. That is $2,000 per month on a property listed for $85,000. You do the math; it pays for itself. The main home can be a 3-4 bedroom home with 1 1/2 baths along with the other rooms listed in the description. There is a large paved paring lot between the units for off street parking. The two bedroom unit recently had a new gas heater installed. This property is being sold as-is, but don't let that indicate it needs extensive work. It does not. The purchaser will be responsible for any government inspections, certification, fees, etc. PLEASE NOTE...THIS IS NOT A SHORT SALE. Lease purchase or owner financing will be considered for qualified buyers.

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning RESID

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Natural Gas

Heating Gas, Forced Air

Cooling None

Flooring Wood, Fully Carpeted, Vinyl

Laundry Has Laundry

Exterior

Garage Spaces 6.0

Fence Other

Water Access N

Roof Type Pitched,Shingle

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

Middle Schools Penns Grove

High Schools Penns Grove

School District Penns Grove-Carneys Point Schools

Others

Acceptable Financing Conventional, VA, FHA 203(b)

Listing Terms Conventional, VA, FHA 203(b)

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Bright MLS (BMLS)
Listed by John W Stolze Jr. • Keller Williams Hometown
Bought with Cheryl A Barbagallo • Century 21 Rauh & Johns

Jason Gareau

Broker

+1(609) 929-4486

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