Property Description:
Folks I have an incredible off-market deal over here in Millville.
This is a great long term buy and hold!
Buck St, Millville, NJ 08332
THIS IS A WHOLESALE DEAL - I AM DIRECT TO THE SELLER - PLEASE DO NOT DISTURB TENANTS
Two Family
3 beds/2 baths and 3 beds/1 bath
6 bed 3 bath total
2425sf
Built in 2004
Fully occupied
Needs minimal TLC
Current rents: $1250 and $1250 = $2500
Market Rents $1600 and $1600 = $3200
More potential income as a Short Term Rental
Gross Cap Rate: 21%
ARV: $225,000-$250,000
ASKING PRICE ONLY $179,900
Rental Comps on Hotpads Avg $1600 for 3 br
hotpads.com/millville-nj/3-bedroom-apartments-for-rent?beds=3&lat=39.3714&lon=-75.0149&z=12
Comparable Sales
SOLD
2 units, 2 bd 2 ba total, 1225 sqft, 901-903 North St, Sold: $179,900
2 units, 4 bd 3 ba total, 1820 sqft, 23 N Spruce St, Sold: $202,000
2 units, 5 bd 4 ba total, 3650 sqft, 26-28 E Pine St, Sold: $235,000
2 units, 4 bd 2 ba total, 1954 sqft, 429 Howard St, Sold: $250,000
2 units, 6 bd 2 ba total, 2128 sqft, 207-209 S 2nd St, Sold: $205,000