106 E Pine St
MILLVILLE, NJ 08332

$127,500

Description

3 Unit building just off of High Street with 2 rental units and 1 commercial unit, which can be used as residential if it is occupied by the owner of the building. Both upstairs units are currently occupied and the building is making money. If you are looking for a nice first investment, or an investment to add to your growing portfolio, look no further! This is a fantastic deal -- a nice place to live and make money on the other units renting them out! Don't miss this one! At this price level investors can expect around a 10-15% return per year based on how they utilize the units and when building is fully occupied (based on current rents -- results will vary with outside variables).

Details

MLS#NJCB119452
StyleIndustrial
Sub-TypeResale
StatusActive
Year1930
Days On Site17

Features

SQ Feet3,684
Story(s)0
Units3
ZoningB-3

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Area Information

StateNJ
CityMILLVILLE
Zip Code08332
AreaMillville City (20610)
Listing VS Median (in 08332)
Price:
$127,500
low | high
Med:
$99,900
71.647058823529% of Average
SqFt:
3,684
low | high
Med:
1,036
100% of Average
$ / SqFt:
$35
low | high
Med:
$96
100% of Average
On Site:
17
low | high
Med:
24
70.833333333333% of Average
Listing Updated: 04/18/2019
MLS Number: NJCB119452
Listing Provided By:
Michael DePalma  of  DePalma Realty