NEW! Buy and sell safely with virtual options - Learn More
About the Listing DEPALM - 3242226
TURNKEY CASHFLOWING DUPLEX! This well-kept duplex has 2 bedrooms, 1 bathroom upstairs and 1 bedrooms, 1 bathroom downstairs. The 1 bedroom is currently tenant occupied while the 2 bedroom is vacant. The 1 bedroom rent roll is $1,295.00 per month, and current 2 bedroom rents in Vineland average an asking price of $1,600.00 or more. With both leased, an investor would expect gross rents of $34,740.00 annually, making this a very strong investment in a great location within a great rental market overall. The current tenant keeps his unit clean and tidy, and is on a long term annual lease that runs through the February 2027 The 2 bedroom unit is already turned and renovated and ready for occupancy. Both units have their own electric and gas meters for easy utility management. 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. OR, if you have been looking for a responsible way into homeownership, consider the possibility of purchasing this property as a primary homeowner for as little as 3% down, living in the upstairs unit and offsetting your living expenses with the first floor rental income. This is how many great investors and eventually wealthy individuals made their start in real estate, and it’s your chance now. Take a look today.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
NJCB2031046
Year Built
1890
Total Square Footage
1,396
Lot/Acreage
0.23
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1396
- Below Ground Sq Ft: 0
- Basement: Full,Unfinished,Interior Access
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 50.00 x 204.00
- Zoning: 02
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $3,838
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
31 S Myrtle St Vineland, NJ 08360
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
