Sold

123 W Foundry St, Millville, NJ 08332

Beds
3
Bath
1
Sqft
1,128

View property features, location on map, relevant school information and overview from seller's agent.

Listed byDePalma Realty
  • 3
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Overview

Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!

Location

Full feature list

Basic info

Property type
House
Number of bedrooms
3
Number of bathrooms
1
Square feet
1,128
Lot size (acres)
0.07
Year built
1912

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Oil, Forced air
Cooling
None, Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$2,476

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: NJCB2024582 Last checked:

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