517 N 2nd Street
Millville, NJ 08332
- – beds
- – baths
- – sqft
- 3,302 sqft lot
- 1920 build
INSTANT CASH FLOW! 4 UNITS. This attached quadruplex is a rare find in Millville that combines the high gross rent revenue of a 4-unit multifamily property with the low taxes of an attached home. MONTHLY Gross rent is $3,875.00 per month and YEARLY Taxes are $3,200.00. Property is currently 100% occupied. There are 3 one bedroom, one bathroom units and 1 two bedroom, one bathroom unit. Bought in 2021, each of the units has been renovated since. All units are electric and have separate meters. Owner pays water/sewer/trash, RE taxes, and insurance. Pictured are two of the units -- other two units in similar condition. Add this cashflowing property to your portfolio or start your journey to long term wealth today!
Listing courtesy of BRIGHT / DePalma Realty
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# NJCB2020396 —
The Building
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Year Built:1920
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Frame
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Building Units Total:4
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Structure Type:Twin/Semi-Detached
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Block
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash, Other
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Possession:Settlement
Location
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Directions:GPS.
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Latitude:39.40121000
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Longitude:-75.03721000
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.08
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Lot Size Source:Assessor
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Lot Size Dimensions:20.00 x 165.00
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Lot Dimensions Source:Assessor
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Lot SqFt:3,302 Sqft
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Zoning:RES
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 501-4162
- Office phone:
- (856) 825-5500
Taxes
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Tax ID Number:10-00359-00035
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Tax Year:2023
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Tax Lot:00035
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Tax Annual Amount:$3,195
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Tax Assessed Value:$82,100
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Year Assessed:2023
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Wall Unit
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Millville Area
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:11.61
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:1
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Other Units:Unit 1,Unit 2,Unit 4,Unit 3
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Vacation Rental:No
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One Bedroom Units:3
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/17/24
Sep 17, 2024
|
Listed / Active | BRIGHT | $325,000 |