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Sold for $255,000 on 03/14/25
  • $255,000

    53-55 W Main St, Penns Grove, NJ 08069

    9beds
    4baths
    4,200sqft
    MultiFamily
    Built in 1925
    -- sqft lot
    $379,000 Zestimate®
    $61/sqft
    $1,509 Estimated rent

    Owner options

    List your home for rent

    $1,509/mo

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    $1,509/mo

    Rent Zestimate®

    Refinance and save

    $1,896/mo

    Est. payment

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    $1,896/mo

    Est. payment

    What's special

    This is not your typical investment property. This 4-unit investment property has two duplex buildings, 4 garages and a substantially positive cash flow. Front building has been recently updated with completely new laminate and hardware flooring, paint, etc. Two long-term great tenants in the front duplex pay over $2,200 per month in rent. The back building tenants (above garages) pay a total of $1,450 and are recently new to the building. There are 4 units in all. The main home consists of a duplex...both sides contain 3 brs, spacious living room, dining room and kitchens in both units. The apartments in the back are in excellent shape, too, with new windows, electric service and appliances. There are also 4 garage units that you could easily rent out for an additional profit. This property is a winner! This is an absolute must see for your investors. Put it on your must see list today before it is gone!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    Heating
    • Baseboard, Forced air, Electric, Gas
    Cooling
    • None
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Hardwood, Laminate, Linoleum / Vinyl
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,200 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Carport, Garage - Detached, Off-street
    Features
    • Exterior features: Metal
    Lot
    • Size: 9,809 sqft
    Details
    • Parcel number: 0800047000000026

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1925

    Community & neighborhood

    Location
    • Region: Penns Grove
    Sell with ease on Zillow
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    $379,000
    2% more+$7,580
    With Zillow Showcase(estimated)$386,580