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Michelle Carite

michelle.carite@gmail.com +1(609) 923-2735

Listed by Mike DePalma • DePalma Realty

$ 315,000

Est. payment | -/mo

1,440 SqFt

Save

$ 315,000

Est. payment | -/mo

Save

1,440 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $218

Subdivision None Available

MLS Listing ID NJGL2074554

Style Traditional

Abv Grd Liv Area 1,440

Year Built 1904

Annual Tax Amount $5,154

Tax Year 2025

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 43.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

TURNKEY CASHFLOWING DUPLEX in NEWFIELD! This well-kept Buena Regional School District duplex has 2 bedrooms, 1 bathroom downstairs and 2 bedrooms, 1 bathroom upstairs. The total current rent roll is $2,956.00 per month, which comes to $35,472.00 annually, making this a very strong investment with great rental history. The tenants both also pay $25 per month each in additional rent (not included in the rent roll) to cover the water bill. The tenants both keep their units clean and tidy, and one unit is on an annual lease that runs through the end of the calendar year, while the other is month-to-month. Both units have their own electric and gas meters for easy utility management. The landlord is responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. Moreover, the property also includes a detached garage that can be rented separately for even more income. If you've been looking for a strong and stable multi-family property in a phenomenal location to start, add to, or diversify your investment portfolio, this is a strong option. Don't miss this one!

Location

State NJ

County Gloucester

Area Newfield Boro (20813)

Zoning C

Rooms

Basement Full, Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

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

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Garage - Front Entry

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage Y

Building

Foundation Block

Above Ground Finished SqFt 1440

Sewer On Site Septic

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Buena Regional Schools

Others

Tax ID 13-00101-00006

Ownership Fee Simple

SqFt Source 1440

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

+1(609) 923-2735

michelle.carite@gmail.com

6 SALEM AVE Newfield, NJ 08344