2 W Park Avenue

Penns Grove, NJ
$ 144,000 Beds 6 Baths 0
Monthly Estimate* How much can I afford?

2 for the price of 1, come grab this cash cow in Penns Grove while the option lasts! What a unique opportunity to purchase two, single detached homes at a value consistent with what other investors have paid for a traditional duplex. Located in the highly accessible and affordable town of Penns Grove, the opportunity consists of a 4 bedroom, 2 full bath home, just under 2000 square feet, which is currently leased for $1,200/month to a long term tenant (photos are from when the property was listed back in 2019). The second home is located directly behind the first and its stats are 3 beds, 1 bath, approximately 1000 square feet and was just leased for $1,000/month for a one year term. There is abundant parking on site and available on the street. This location is strongly desired due to great accessibility to the tri-state area and if you have a vacancy you shouldn’t have any trouble finding a new tenant. This home easily pays for itself with cash flow and your tenants will enjoy having their own home versus being in a multi-family property. In order to preserve the tenant’s privacy, prospective buyers are not welcome to access the property at any time unless they have an approved appointment (NO EXCEPTIONS). Additional information available upon request.

Multi-Family

  • Price
  • $ 144,000
  • Lot Size
  • 0.32 Acres
  • Bedrooms
  • 6
  • Full Bathrooms
  • 0
  • Year Built
  • 1960
  • Half Bathrooms
  • 0
  • City, Zip
  • Penns Grove
  • Taxes
  • $ 7198
  • County
  • SALEM
  • Style
  • Ranch/Rambler,Colonial
  • Area
  • Penns Grove Boro
  • MLS#
  • NJSA141350
  • Zip
  • 08069
Listing Provided by: Compass New Jersey, LLC
Data Source: Bright MLS

Features

General

Acceptable Financing Cash, Conventional
Accessibility None
Architectural Style Ranch/Rambler, Colonial
Construction Materials Aluminum Siding
Cool Fuel Electric
Cooling Window Unit(s)
County SALEM
Days on Market 17
Garage Y/N No
Heating Baseboard - Electric, Baseboard - Hot Water
High School PENNS GROVE H.S.
High School District PENNS GROVE-CARNEYS POINT SCHOOLS
MLS Area Penns Grove Boro (21708)
Middle/Junior High School PENNS GROVE M.S.
Municipality PENNS GROVE BORO
New Construction No
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 49.26
Property SubType Duplex
Property Type Multi-Family
Rent Control Y/N No
Sewer Public Sewer
Structure Type Other
Tax Annual Amount 7198.0
Tax Lot 00006
Tax Year 2020
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning RESIDENTIAL

Interior Features

Central Air Y/N No
Furnished Units None
Heating Fuel Electric, Natural Gas
Heating Y/N Yes
Hot Water Electric
Living Area 2923
Three Bedroom Units Count 2

Exterior Features

Lot Dimensions 127.00 x 110.00
Lot Size Acres 0.32
Lot Size Source Assessor
Lot Size Square Feet 13970.00
Navigable Water Y/N No
Off Street - # Of Spaces 10
Pool Y/N No Pool
Total Parking Spaces 14
Type of Parking Driveway, On Street, Off Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Martinsburg, WV office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Penns Grove M.S.
High School Penns Grove H.S.

Price History

3/29/2021 Listed $144,000

Property vs Zip Code Average in 08069

Price
AVG $150K
$140K
Taxes
AVG $5,578
$7,198
Visits
AVG 68
21
Year Built
AVG 1938
1960
Walkscore
AVG 45
59
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

2 W Park Avenue Penns Grove, NJ is a Single Family Home for sale at $144000 and a lot size of 0.32 Acres Acre(s). 2 W Park Avenue Penns Grove has 6 bedrooms, 0 baths and was built in 1960. The property's zip code is 08069 which is in Penns Grove, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.