Shlomo Wilner
Crossroads Realty, Sapphire Group
(848) 285-5489
52 Total Sales
2 in Millville
$37K - $115K Price Range
308 S 5th St Millville, NJ 08332
Millville AreaEstimated Value: $240,000 - $411,627
Studio
1
Bath
2,944
Sq Ft
$97/Sq Ft
Est. Value
About This Home
As of January 2024Prime Investment Opportunity - Fully Occupied 4-Unit Rental Property
Welcome to this excellent investment opportunity! This fully occupied 4-unit rental property is a smart choice for investors looking for steady income in a sought-after location.
Property Details:
1st Floor, Unit 308: 2BR - Monthly rent $1,150.00
2nd Floor, Unit 308: 2BR & Attic - Monthly rent $1,500.00 (tenant moving, new rent will be $1,600.00)
1st Floor, Unit 310: 2BR - Monthly rent $1,600.00
2nd Floor, Unit 310: 2BR & Attic - Monthly rent $1,450.00
Financials:
Gross Rental Income: $68,400.00 per year
Net Income: Approximately $52,571.00 per year
Property Highlights:
Tenants pay for their own utilities, reducing landlord expenses.
Recent roof replacement on 308 1st floor front and back, and two new water heater's that are still under warranty reducing maintenance costs.
Freshly painted apartments, enhancing the property's appeal.
This property offers a solid income stream, and with the upcoming rent increase, it presents a potential for even higher returns. Located in a desirable area, it's an opportunity that shouldn't be missed. Contact us for more information and to schedule a viewing.
Last Agent to Sell the Property
(856) 825-5500 larry.depalma@gmail.com DePalma Realty License #7839819 Listed on: 11/08/2023
Last Buyer's Agent
(856) 388-2160 camilo.concepcion@compass.com Compass New Jersey, LLC - Haddon Township License #2295384
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,271
Year Built
- Built in 1892
Lot Details
- 5,760 Sq Ft Lot
- Lot Dimensions are 40.00 x 144.00
Parking
- Off-Site Parking
Home Design
- 2,944 Sq Ft Home
- Quadruplex
Kitchen
- Gas Oven or Range
- Built-In Range
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Municipal Trash
Additional Features
- Unfinished Basement
Listing and Financial Details
- Tax Lot 00004
- Assessor Parcel Number 10-00472-00004
Community Details
Overview
- 4 Units
- Millviile Subdivision
Building Details
- Income includes apartment rentals
- Operating Expense $15,829
- Net Operating Income $52,571
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 8, 2023
Closed on
Dec 30, 2023
Sold by
Bought by
Seller's Agent
Larry DePalma
DePalma Realty
Buyer's Agent
William F. Cupe III
Compass New Jersey, LLC - Haddon Township
List Price
$425,000
Sold Price
$364,000
Premium/Discount to List
-$61,000
-14.35%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,093
Avg. Annual Appreciation
-8.96%
Original Mortgage
$264,000
Outstanding Balance
$256,862
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$28,045
Purchase Details
Closed on
Oct 20, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
2.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 28, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 20, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 26, 2012
Sold by
Bought by
Purchase Details
Closed on
Jan 17, 2006
Sold by
Bought by
Purchase Details
Closed on
Sep 30, 2004
Sold by
Bought by
Purchase Details
Closed on
Aug 7, 2003
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Millville, NJ
-
Shlomo Wilner
-
Meredith Chatot
Meredith Chatot
Compass RE
(445) 455-1681
122 Total Sales
1 in Millville
$145,000 Price
-
Shayden Feret
Shayden Feret
Romano Realty
(856) 746-4206
48 Total Sales
5 in Millville
$140K - $340K Price Range
-
Robert Greenblatt
Robert Greenblatt
Responds QuicklyWeichert Realtors - Moorestown
(856) 543-2574
562 Total Sales
3 in Millville
$135K - $405K Price Range
-
Danielle Dupont
Danielle Dupont
Ovation Realty LLC
(856) 879-1730
110 Total Sales
1 in Millville
$480,000 Price
-
Abrianna Boston
Abrianna Boston
Swink Realty
(856) 328-0145
56 Total Sales
8 in Millville
$155K - $400K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $364,000 | None Listed On Document | ||
| $100,000 | Landis Title | ||
| -- | Foundation Title Llc | ||
| $57,750 | Powerlink Settlement Service | ||
| -- | -- | ||
| $231,000 | -- | ||
| $69,000 | -- | ||
| $89,900 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $264,000 | ||
| Previous Owner | $70,000 | ||
| Previous Owner | $60,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/10/2024 01/10/24 | Sold | $364,000 | -14.4% | $124 / Sq Ft |
| 11/22/2023 11/22/23 | Pending | -- | -- | -- |
| 11/08/2023 11/08/23 | For Sale | $425,000 | 0.0% | $144 / Sq Ft |
| 04/07/2022 04/07/22 | Rented | $1,005 | -21.5% | -- |
| 03/08/2022 03/08/22 | For Rent | $1,280 | -- | -- |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,500 | $86,300 | $16,400 | $69,900 |
| 2025 | $3,387 | $86,300 | $16,400 | $69,900 |
| 2024 | $3,359 | $86,300 | $16,400 | $69,900 |
| 2023 | $3,359 | $86,300 | $16,400 | $69,900 |
| 2022 | $3,799 | $100,200 | $16,400 | $83,800 |
| 2021 | $3,675 | $100,200 | $16,400 | $83,800 |
| 2020 | $3,614 | $100,200 | $16,400 | $83,800 |
| 2019 | $3,447 | $100,200 | $16,400 | $83,800 |
| 2018 | $3,376 | $100,200 | $16,400 | $83,800 |
| 2017 | $3,345 | $100,200 | $16,400 | $83,800 |
| 2016 | $3,303 | $100,200 | $16,400 | $83,800 |
| 2015 | $3,228 | $100,200 | $16,400 | $83,800 |
| 2014 | $3,234 | $100,200 | $16,400 | $83,800 |
Source: Public Records
Agents Affiliated with this Home
-
Larry DePalma
Seller's Agent in 2024
Larry DePalma
DePalma Realty
(856) 364-6697
218 Total Sales
-
William F. Cupe III
Buyer's Agent in 2024
William F. Cupe III
Compass New Jersey, LLC - Haddon Township
(856) 506-4734
34 Total Sales
-
Leanne Mangine
Buyer's Agent in 2022
Leanne Mangine
Keller Williams Prime Realty
(856) 430-1539
5 Total Sales
Map
Source: Bright MLS
MLS Number: NJCB2015348
APN: 10-00472-0000-00004
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