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79-81 PENN ST Penns Grove, NJ 08069
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Key Details
Sold Price $225,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,033 sqft
Price per Sqft $74
MLS Listing ID NJSA2010778
Sold Date 06/04/24
Style Colonial
Abv Grd Liv Area 3,033
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $5,858
Tax Year 2023
Lot Size 5,934 Sqft
Acres 0.14
Lot Dimensions 46.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Property Description
Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Zoning RES
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas Available
Exterior
Water Access N
Roof Type Shingle
Accessibility 2+ Access Exits
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Tax ID 08-00052-00001 01
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other, Private
Listing Terms Cash, Conventional, Other, Private
Financing Cash,Conventional,Other,Private
Special Listing Condition Standard
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Bought with Jill Santandrea • Exit Realty Defined