79 Penn Street Penns Grove, NJ $ 219,900
79 Penn Street
$ 219,900
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79 Penn Street

Penns Grove, NJ, 08069
$ 219,900
Baths0.0

Monthly Estimate*

$ 1,536

79 Penn Street, Penns Grove, NJ 08069 - Image 1
79 Penn Street, Penns Grove, NJ 08069 - Image 2
79 Penn Street, Penns Grove, NJ 08069 - Image 3
79 Penn Street, Penns Grove, NJ 08069 - Image 4
79 Penn Street, Penns Grove, NJ 08069 - Image 5
79 Penn Street, Penns Grove, NJ 08069 - Image 6
Studio

Multi-Family Home for sale in Penns Grove, NJ

for $219,900. This home was built in 1940 on a lot size of 0.14.

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!

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Multi-Family Contingent

Price

$ 219,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,858

Style

Colonial

Lot Size

0.14

Year Built

1940

Town/City

Penns Grove

County/Region

Salem

MLS | Web ID

NJSA2010778

Features
Interior
Heating Fuel Natural Gas Available
Basement Full
Hot Water Natural Gas
Total Stories 4
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Immediate
Roof Shingle
Zoning RES
Architectural Style Colonial
Construction Materials Vinyl Siding
Exclusions Tenant's personal property.
Year Built 1940
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality PENNS GROVE BORO
Accessibility 2+ Access Exits
County SALEM
Net Operating Income 26000.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
Directions Penn Street
City PENNS GROVE
Buyer Agent Compensation 2.5
Disclosures Agent has Financial Interest
Total Units 2
MLS Area Penns Grove Boro (21708)
Lot Size Square Feet 5934.00
Waterfront Y/N N
Number of Units Leased 2
Street Name PENN
Tax Annual Amount 5858.0
Home Warranty Y/N N
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft 72.5
Acceptable Financing Cash Conventional Other Private
Rent Control Y/N Y
Vacation Rental Y/N N
Days on Market 14
Lease Type Gross
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 00001 01
Total Actual Rent 34800.00
Buyer Agent Compensation Type % Of Gross
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Exterior
Pool Y/N No Pool
Water Source Public
Type of Parking On Street
Foundation Details Block
Water View Y/N N
Lot Dimensions 46.00 x 0.00
Lot Size Acres 0.14
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 11300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 79
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* Excluded Features
List By
Lamb Realty

Broker

realtorbobsapienza@gmail.com

Email

Affordability Calculator

$2,024
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,536
Monthly Property Taxes
$488
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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.
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Nearby
3533255 Elementary School
3535212 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2024$219,900 Listed Price

Map


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79 Penn Street, Penns Grove, NJ, 08069 is a Multi-Family Home for sale at $219,900 with a lot size of 0.14. 79 Penn Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 08069 which is in Penns Grove, NJ