Property Description:
For Sale by Owner: Duplex Property with Investment Potential - $126,000
Property Address: 72 West Harmony Street, Pennsgrove, NJ 08069
Property Details:
Block 49 Lot 16
Lot Size: Approximately 92 x 183 (irregular)
Year Built: Circa 1945
Rental Information:
Both units are currently occupied by long-term tenants on a month-to-month lease basis.
The current rental rates are below market value due to the long-term tenants.
First-floor 2-bedroom unit rents for $800.00 per month.
Second-floor 3-bedroom unit rents for $900.00 per month.
Tenants are responsible for heat, electricity, and lawn care.
Current yearly income from rentals is $20,400.00
Property Features:
Each unit has its own washer and dryer.
Gas heat and electric hot water heaters in each unit.
There is a basement for additional storage.
Units equipped with circuit breaker electrical boxes.
Potential Upgrades:
The units have the potential for upgrades if desired by the new owner.
Estimated upgrade cost for the first-floor unit is approximately $12,000.
Estimated upgrade cost for the second-floor unit is approximately $10,000.
Owner Responsibilities:
The owner is responsible for water and sewer expenses.
Contact Information: Owner: Rocco A. Ficara Address: 807 N. Broad St., Woodbury, NJ 08096 Email: usa1919@verizon.net Phone: 856-522-9000
Additional Property Costs (Estimated):
Taxes: $4,300.00 per year
Water & Sewer: $3,200.00 per year
Insurance: $1,200.00 per year
Don't miss out on this investment opportunity! This duplex property, located in a convenient and desirable area, offers potential for increased rental income and value appreciation. Whether you decide to maintain the current condition or invest in upgrades, this property is primed for a lucrative investment.For Sale by Owner: Duplex Property with Investment Potential - $126,000
Property Address: 72 West Harmony Street, Pennsgrove, NJ 08069
Property Details:
Block 49 Lot 16
Lot Size: Approximately 92 x 183 (irregular)
Year Built: Circa 1945
Rental Information:
Both units are currently occupied by long-term tenants on a month-to-month lease basis.
The current rental rates are below market value due to the long-term tenants.
First-floor 2-bedroom unit rents for $800.00 per month.
Second-floor 3-bedroom unit rents for $900.00 per month.
Tenants are responsible for heat, electricity, and lawn care.
Current yearly income from rentals is $20,400.00
Property Features:
Each unit has its own washer and dryer.
Gas heat and electric hot water heaters in each unit.
There is a basement for additional storage.
Units equipped with circuit breaker electrical boxes.
Potential Upgrades:
The units have the potential for upgrades if desired by the new owner.
Estimated upgrade cost for the first-floor unit is approximately $12,000.
Estimated upgrade cost for the second-floor unit is approximately $10,000.
Owner Responsibilities:
The owner is responsible for water and sewer expenses.
Contact Information: Owner: Rocco A. Ficara Address: 807 N. Broad St., Woodbury, NJ 08096 Email: usa1919@verizon.net Phone: 856-522-9000
Additional Property Costs (Estimated):
Taxes: $4,300.00 per year
Water & Sewer: $3,200.00 per year
Insurance: $1,200.00 per year
Don't miss out on this investment opportunity! This duplex property, located in a convenient and desirable area, offers potential for increased rental income and value appreciation. Whether you decide to maintain the current condition or invest in upgrades, this property is primed for a lucrative investment.