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About the Listing REONEGR1 - 3192364
Great opportunity for both new and seasoned investors or owner-occupants! This detached duplex offers flexibility, strong rental income potential, and low real estate taxes. The second-floor unit is currently rented for $1,800 per month to a month-to-month tenant who would like to stay, providing immediate rental income. The vacant first-floor unit, previously rented for $1,600 per month, is ready to rent or could be ideal for an owner-occupant looking to offset their mortgage with rental income. Recent improvements include two brand-new furnaces, a new water heater, updated flooring, and bathrooms. While some additional cosmetic updates could further enhance the property's value, the first-floor unit is ready for occupancy. Additional features include a basement for storage, off-street parking for up to four vehicles, and no HOA fees. With a combined rental potential of $3,400 per month based on current and previous rents, this property offers attractive cash flow potential when fully rented. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this duplex offers an excellent opportunity!
Listing Highlights for 623 S 2nd St
Status
Active With Contingency
Days on Site
31
Property Type
Multi-Family
MLS ®
NJCB2033332
Year Built
1907
Total Square Footage
1,568
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: 90% Forced Air,Forced Air
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft: 1568
- Basement:
- Other: Bathroom - Tub Shower,Bathroom - Walk-In Shower,Recessed Lighting
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: B-4
- Roof: Shingle
- Others: Average
- Sewer: Public Sewer
- Parking Features: Crushed Stone,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $3,248
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
623 S 2nd St Millville, NJ 08332
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