79 Penn Street Penns Grove, NJ 08069
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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySalem
- Taxes$5,858
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive Under Contract
- MLS ID NumberNJSA2010778
- Home Size Source Assessor
- Year Built1940
- Lot Size0.14 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Colonial
- Construction Vinyl Siding
- Parking On Street
- Sewer Public Sewer
- Basement Full
- Number of Stories 4
- Acreage 0.14
- Water Public
- Property Sub Type Duplex
- Attached Garage No
- Foundation Block
- Zoning RES
Interior Features
- Cooling None
- Heating Forced AirNatural Gas Available
- Fireplace No
Exterior Features
- Roof Shingle
- Spa No
- Waterfront Property No
Community Features
- MLS Area Penns Grove Boro (21708)