419 E Mulberry St, Millville, NJ 08332

$250,000
1,804
SqFt

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List Price
$250,000
Days on Market
30
Status
ACTIVE
MLS#
NJCB2030698
Living Area
1,804
Lot Size (Acres)
0.14
Style
Colonial
Year Built
1927
County
Cumberland
School District
Millville Area

Property Description

TURNKEY CASHFLOWING DUPLEX! This well-kept duplex has 2 bedrooms, 1 bathroom downstairs and 3 bedrooms, 1 bathroom upstairs. The total current rent roll is $2,745.00 per month, which comes to $32,940.00 annually, making this a very strong investment with great rental history. The tenants both keep their units clean and tidy, and both are on annual leases that run through the Fall. Both units have their own electric and gas meters for easy utility management. In addition, each lease includes a monthly water/sewer fee that generally covers these costs, leaving the landlord responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. 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. Unit 1 pictured in the listing photos. Unit 2 photos coming soon. **Lawn has been enhanced in the photos**

Additional Information

Area
Millville City (20610)
Taxes
$3678
School District
Millville Area
Heating
Radiant, Forced Air
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of DePalma Realty. Contact: