Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!
Sold for $225,000 on 06/04/24
$225,000
79 Penn St, Penns Grove, NJ 08069
--beds
--baths
3,033sqft
Duplex
Built in 1940
-- sqft lot
$242,600 Zestimate®
$74/sqft
$1,822 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 05, 2024 at 02:44am
Listed by:
Robert Sapienza 609-254-5778,
Lamb Realty
Bought with:
Jill Santandrea, 1327694
EXIT Realty Defined
Source: Bright MLS,MLS#: NJSA2010778
Facts & features
Interior
Basement
- Area: 0
Heating
- Forced Air, Natural Gas Available
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,033
- Total interior livable area: 3,033 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Pool features: None
Lot
- Size: 5,934 sqft
- Dimensions: 46.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 080005200001 01
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Duplex
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Penns Grove
- Municipality: PENNS GROVE BORO
HOA & financial
Other financial information
- Total actual rent: 34800
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Other,Private Financing Available
- Ownership: Fee Simple
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$242,600
2% more+ $4,852
With Zillow Showcase(estimated)
$247,452