NOT LISTED FOR SALE

81 Penn St Penns Grove, NJ 08069

-- Bed
-- Bath
3,033 Sq Ft
5,934 Sq Ft Lot

Last Sold June 04, 2024

Last sale price $225,000 $74 Per Sq Ft

12 Days on Market

Highlights

  • Colonial Architecture
  • More Than Two Accessible Exits
  • Forced Air Heating System

About This Home

As of June 2024

Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!

Last Agent to Sell the Property

Robert Sapienza

(609) 254-5778 realtorbobsapienza@gmail.com Lamb Realty Listed on: 04/24/2024

Last Buyer's Agent

Jill Santandrea

(856) 207-0018 Jill@exitrealtydefined.com EXIT Realty Defined License #1327694

EXIT Realty Defined

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,858

Year Built

  • Built in 1940

Lot Details

  • 5,934 Sq Ft Lot
  • Lot Dimensions are 46.00 x 0.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,033 Sq Ft Home
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00001 01
  • Assessor Parcel Number 08-00052-00001 01

Community Details

Overview

  • 2 Units
  • 4-Story Building

Building Details

  • Rent Control
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,858

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property.
  • New Construction: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3033
  • Living Area Sq Ft: 3033
  • Price Per Sq Ft: 72.50
  • Above Grade Finished Sq Ft: 3033
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas Available
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 46.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5934.00
  • Zoning: RES

Rental Info

  • Existing Lease Type: Gross
  • Rent Control: Yes
  • Total Actual Rent: 34800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5858.00
  • Assessor Parcel Number: 08-00052-00001 01
  • Tax Lot: 00001 01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2024 06/04/24 Sold $225,000 +2.3% $74 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $219,900 -- $73 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Sapienza

    Seller's Agent in 2024

    Robert Sapienza

    Lamb Realty

    (609) 254-5778

    2 in this area

    6 Total Sales

    Robert Sapienza
    Section Image
  • Jill Santandrea

    Buyer's Agent in 2024

    Jill Santandrea

    EXIT Realty Defined

    (856) 207-0018

    3 in this area

    321 Total Sales

    Jill Santandrea
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJSA2010778

Bright MLS
New Jersey Salem County Penns Grove 08069

81 Penn St, Penns Grove, NJ

Not Listed for Sale

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