517 North 2nd Street
$325,000
5
4
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Description
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...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!
- Listed by Michael DePalma • DePalma RealtyP: (609)-501-4162 michael.depalma4@gmail.com
Property Details for 517 North 2nd Street
Tax ID Number
10-00359-00035
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleOther
WaterfrontNo
GarageNo
MunicipalityMILLVILLE CITY
Central AirNo
LISTING UPDATED: 09/28/2024 09:06 AM
Property Details for 517 North 2nd Street
Status | Active |
---|---|
MLS # | NJCB2020396 |
Days on Market | 45 |
Taxes | $3,195 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.08 AC / 3,302 SF |
County | Cumberland County NJ |
Building Information for 517 North 2nd Street
Stories-Residences4Year Built1920Building Size-Lot Size0.08 AC / 3,302 SF
Property Information for 517 North 2nd Street
Property History for 517 North 2nd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 517 North 2nd Street
Taxable ValueLand$13,500Additions$68,600Total$82,100
Tax Record2023$3,195 ($266 / month)
Home Facts
Baths4Total Finished SqFt1,368 SqFtAbove Grade Finished SqFt1,368 SqFtStories3Lot Size3,302 SqFtStyleSingle Family ResidenceYear Built1920CountyCUMBERLANDAPN10 00359-0000-00035
Schools near 517 North 2nd Street
This home is within Millville Board Of Education School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Silver Run School PublicK to 5 | ||
Lakeside Middle School Public6 to 8 | ||
Millville Senior High School Public9 to 12 | ||
Memorial High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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