Bought with Carlo Drogo Sr. • EXP Realty, LLC
$424,000
$375,000
13.1%For more information regarding the value of a property, please contact us for a free consultation.
1,420 SqFt
SOLD DATE : 05/29/2025
Key Details
Sold Price $424,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,420 sqft
Price per Sqft $298
MLS Listing ID NJCB2023548
Sold Date 05/29/25
Style Traditional
Abv Grd Liv Area 1,420
Year Built 1921
Annual Tax Amount $4,457
Tax Year 2024
Lot Size 0.251 Acres
Acres 0.25
Lot Dimensions 50.00 x 219.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Cash Flow Heaven – 2 Duplexes on One Lot with Upside, Stability & Major Improvements!
Incredible opportunity to own two duplexes on one parcel with just one property tax bill. Strong rents, reliable tenants, and major system upgrades make this a turnkey investment with real upside.
See document attachments for full Return on Investment (ROI)
Current ROI (with current NOI of $31,242.42): 41.66%
Projected ROI (with projected NOI of $50,544.48): 67.39%
As-is sale
Location
State NJ
County Cumberland
Area Vineland City (20614)
Zoning 04
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water, Radiator, Wall Unit
Cooling Wall Unit
Flooring Carpet, Laminate Plank
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Utilities Available Electric Available, Natural Gas Available, Cable TV Available, Water Available, Sewer Available
Water Access N
Roof Type Shingle,Flat
Accessibility None
Total Parking Spaces 8
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 1420
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District City Of Vineland Board Of Education
Others
Tax ID 14-02903-00015
Ownership Fee Simple
SqFt Source 1420
Special Listing Condition Standard
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