Seller's Agent in 2024
Sid Benstead
BHHS Fox & Roach
(609) 870-2249
1 in this area
176 Total Sales
21 W Griffith St Penns Grove, NJ 08069
Penns Grove Neighborhood
--
Bed
1
Bath
1,364
Sq Ft
5,554
Sq Ft Lot
About This Home
As of January 2024Excellent investment property to add to your portfolio located just off of Main street in Penns Grove close to Route 295 minutes to Delaware and close to Philadelphia. Great asset to add to your investment portfolio, 3 unit investment property with a duplex and single family home on one lot. The duplex is top and bottom with 2 large 1BR units, the 1st floor unit is set up as a 2 bedroom but and has laundry hookups for tenant. The second floor unit is spacious with large eat in kitchen, living room area and 1 large bedroom that could have been 2 bedrooms at one point. The single-family home is another one-bedroom unit but set up as 2 bedrooms, eat-in kitchen and large living room. Great rental income at $1,000/ month with even more upside if needed and leases in place for each tenant on a year-to-year basis. There is a large parking area for tenants along with street parking, separate entrances for each unit and multiple access points for two of the units. All utilities are separate with newer HVAC systems and hot water heaters. All units have been upgraded throughout with flooring, baths, kitchens etc . This is a turnkey operation with excellent rental history and a cap rate of 9.75% return on investment. Excellent opportunity awaits, showings through agents only and full P&L/ OM upon request. $3,000 selling bonus to buyer's agent with full price purchase. The sale includes 17 ,19 & 21 Griffith Street
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,340
Year Built
- Built in 1940
Lot Details
- 5,554 Sq Ft Lot
- Lot Dimensions are 50.00 x 111.10
Home Design
- Triplex
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 1,364 Sq Ft Home
- Crawl Space
Parking
- Driveway
- On-Street Parking
Additional Homes
- Dwelling with Separate Living Area
Utilities
- Window Unit Cooling System
- 90% Forced Air Heating System
- Natural Gas Water Heater
Community Details
- Income includes apartment rentals
- Operating Expense $8,208
- Net Operating Income $8,208
Listing and Financial Details
- The owner pays for insurance, sewer, water, real estate taxes
- Tax Lot 00013
- Assessor Parcel Number 08-00045-00013
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2024 01/25/24 | Sold | $285,000 | 0.0% | $209 / Sq Ft |
| 01/03/2024 01/03/24 | Pending | -- | -- | -- |
| 12/26/2023 12/26/23 | For Sale | $285,000 | 0.0% | $209 / Sq Ft |
| 06/14/2023 06/14/23 | Rented | $1,000 | 0.0% | -- |
| 05/18/2023 05/18/23 | Under Contract | -- | -- | -- |
| 04/19/2023 04/19/23 | For Rent | $1,000 | +33.3% | -- |
| 12/18/2019 12/18/19 | Rented | $750 | 0.0% | -- |
| 11/21/2019 11/21/19 | Under Contract | -- | -- | -- |
| 11/16/2019 11/16/19 | For Rent | $750 | +15.4% | -- |
| 06/01/2014 06/01/14 | Rented | $650 | 0.0% | -- |
| 04/08/2014 04/08/14 | Under Contract | -- | -- | -- |
| 09/27/2013 09/27/13 | For Rent | $650 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Sid Benstead
-
Ryan Sykes
R
Buyer's Agent in 2024
Ryan Sykes
RealtyMark Properties
(609) 496-2394
8 in this area
79 Total Sales
-
Kimberly Murray
K
Seller's Agent in 2023
Kimberly Murray
American Dream Realty of South Jersey
(609) 364-4991
6 in this area
30 Total Sales
-
Christy Myers
Seller's Agent in 2019
Christy Myers
American Dream Realty of South Jersey
(856) 275-3737
16 in this area
137 Total Sales
-
J
Seller's Agent in 2014
JANET MOULDER
American Dream Realty of South Jersey
Map
Source: Bright MLS
MLS Number: NJSA2009622
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