Millville, NJ 08332,23 N SPRUCE ST
Millville, NJ 08332,23 N SPRUCE ST
Millville, NJ 08332,23 N SPRUCE ST
Millville, NJ 08332,23 N SPRUCE ST
Millville, NJ 08332,23 N SPRUCE ST
Millville, NJ 08332,23 N SPRUCE ST
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Listed by Justin M. Selby • Collini Real Estate LLC
Bought with Saverio Brunetti • A R Fanucci Real Estate, Inc

$202,000

$189,900

6.4%
Est.Price: ?

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Est. payment /mo

1,820 SqFt


SOLD DATE : 07/23/2021

Key Details

Sold Price $202,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,820 sqft

Price per Sqft $110

MLS Listing ID NJCB133142

Sold Date 07/23/21

Style Other

HOA Y/N N

Abv Grd Liv Area 1,820

Year Built 1992

Available Date 2021-06-07

Annual Tax Amount $3,639

Tax Year 2020

Lot Size 6,250 Sqft

Acres 0.14

Lot Dimensions 50.00 x 125.00

Property Sub-Type Detached

Source BRIGHT

Property Description

SHOWINGS HAVE ENDED . MULTIPLE OFFERS. BEST AND FINAL DUE BY SUNDAY 06-13-2021 @ 5:00 PM. Well maintained , cash flowing duplex located in the strong rental and investment district of Millville, NJ. This property is located in a prime, rural like setting, and extremely sought after when available for occupancy. This property was built in 1992, constructed within the last 30 years, and should yield extremely low maintenance cost for years to come. The first floor is a 1 bed / 1 bath unit ($825.00 per month ) consisting of tiled and carpeted floors, updated kitchen, updated bathroom, and has been well cared for. The first floor unit also has access to a large fenced in rear yard. The second floor is a 3 bed / 2 full bath unit ($1,200.00 per month), with large living area, updated kitchen, tiled and carpeted floors, includes a third floor "loft style" design, and vaulted ceilings throughout. This property has been well maintained and includes a 30 year architectural shingled roof installed four years ago, vinyl siding, newer hot water heaters, and constructed on a concrete slab. Strong rental history and washer and dryer hookups in each unit increase tenant desirability. Public water, public sewer, and low taxes equals low holding cost. Gas and water meters are separated and cost are the responsibility of the tenants. Rear utility shed connected to exterior of the house makes simplifies any future maintenance. Great opportunity to start your investment portfolio, add to your existing one, or consider this property a strong candidate for a 1031 exchange with a 10%-11% cap rate at current rents and gross rental income of $24,000+ ! See agent remarks for additional details regarding value add. Invest in your yourself, Invest in your Family, Invest in Real Estate!

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning R

Interior

Interior Features Other

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Flooring Ceramic Tile, Carpet

Equipment Refrigerator, Oven/Range - Gas

Fireplace N

Appliance Refrigerator, Oven/Range - Gas

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Water Access N

Roof Type Architectural Shingle

Street Surface Black Top

Accessibility None

Total Parking Spaces 6

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Millville Board Of Education

Others

Tax ID 10-00093-00002 01

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
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16701 Melford Blvd. Suite 100, Bowie, MD, 20715

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