$144,000

2 w park ave penns grove nj 8069

For Sale
0 bed
0 baths
2923 sq.ft.
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Overview

2 for the price of 1, come grab this cash cow in Penns Grove while the option lasts! What a unique opportunity to purchase two, single detached homes at a value consistent with what other investors have paid for a traditional duplex. Located in the highly accessible and affordable town of Penns Grove, the opportunity consists of a 4 bedroom, 2 full bath home, just under 2000 square feet, which is currently leased for $1,200/month to a long term tenant (photos are from when the property was listed back in 2019). The second home is located directly behind the first and its stats are 3 beds, 1 bath, approximately 1000 square feet and was just leased for $1,000/month for a one year term. There is abundant parking on site and available on the street. This location is strongly desired due to great accessibility to the tri-state area and if you have a vacancy you shouldn’t have any trouble finding a new tenant. This home easily pays for itself with cash flow and your tenants will enjoy having their own home versus being in a multi-family property. In order to preserve the tenant’s privacy, prospective buyers are not welcome to access the property at any time unless they have an approved appointment (NO EXCEPTIONS). Additional information available upon request.

Quick Facts

County
SALEM
Type
Multi-Family
Parking
-
Year Built
1960
Lot
13970Sqft
Heating
Baseboard - Electric,Baseboard - Hot Water
Cooling
Window Unit(s)
Price/Sq.ft
49.26
Basement

Listing Provided By

Agent Name:
Paul Viereck
Phone:
6093200029
Office:
Compass New Jersey, LLC
Source:
BRIGHT
Days On Market:
13
Sold Date:
-
Came On Market:
2021-03-25

MLS Disclaimer: Copyright Bright MLS. All rights reserved. Information is deemed reliable but not guaranteed.

Last Property Change: 2021-05-05 11:00:00 AM
Last Property Check: 2022-08-14 12:00:00 AM
© 2020 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Federated Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Federated Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.

Historical Listing

  • Sold Date: 2019-09-01
  • Sold Date: 2018-07-01