305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
305 S 2ND ST, Millville, NJ 08332
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Joseph Asterino

Joseph Asterino

+1(484) 955-6711
Listed by Mike DePalma • DePalma Realty
$289,900
Est. payment /mo
1,933 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,933 sqft

Price per Sqft $149

MLS Listing ID NJCB2031048

Style Federal

Abv Grd Liv Area 1,933

Year Built 1917

Annual Tax Amount $3,443

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 66.00 x 150.00

Property Sub-Type Triplex

Source BRIGHT

Property Description

TURNKEY CASHFLOWING TRIPLEX! This 3-unit property has two 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. The two bedroom units are currently occupied while the 3rd is vacant. With just the two leased, the rent roll is $2,535.00 per month, and current 1 bedroom rents in Millville average an asking price of $1,100.00 or more. With all three leased, an investor would expect gross rents of $43,620.00 annually, making this a very strong investment in a good location within a great rental market overall. Both currently leased units are month-to-month. All units have their own electric and gas meters for easy utility management. In addition, the current lease includes a monthly water/sewer fee that generally covers the cost, leaving the landlord responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. This property is priced to move quickly to qualified buyers. 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. Take a look today!

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning RESIDENTIAL

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Inclusions All landlord owned appliances, fixed items, and utility systems.

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Above Ground Finished SqFt 1933

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Millville Area

Others

Tax ID 10-00479-00023

Ownership Fee Simple

SqFt Source 1933

Acceptable Financing Conventional, FHA, VA, Cash

Listing Terms Conventional, FHA, VA, Cash

Financing Conventional,FHA,VA,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Joseph Asterino

Joseph Asterino

+1(484) 955-6711

Broker Associate | License ID: AB066344

Broker Associate License ID: AB066344

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