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About the Listing DEPALM - 3242226
TURNKEY CASHFLOWING TRIPLEX! This 3-unit property has two 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. The two bedroom units are currently occupied while the 3rd is vacant. With just the two leased, the rent roll is $2,535.00 per month, and current 1 bedroom rents in Millville average an asking price of $1,100.00 or more. With all three leased, an investor would expect gross rents of $43,620.00 annually, making this a very strong investment in a good location within a great rental market overall. Both currently leased units are month-to-month. All units have their own electric and gas meters for easy utility management. In addition, the current lease includes a monthly water/sewer fee that generally covers the cost, leaving the landlord responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. This property is priced to move quickly to qualified buyers. If you've been looking for a strong and stable multi-family property to start, add to, or diversify your investment portfolio, this is a strong option. Take a look today!
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
NJCB2031048
Year Built
1917
Total Square Footage
1,933
Lot/Acreage
0.23
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1933
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 66.00 x 150.00
- Zoning: RESIDENTIAL
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: $3,443
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
305 S 2nd St Millville, NJ 08332
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