123 W FOUNDRY ST new to site Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,128 sqft
Price per Sqft $119
Subdivision None Available.
MLS Listing ID NJCB2024582
Style Colonial
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,128
Year Built 1912
Annual Tax Amount $2,476
Tax Year 2024
Lot Size 3,100 Sqft
Acres 0.07
Lot Dimensions 25.00 x 124.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!
Location
State NJ
County Cumberland
Area Millville City (20610)
Zoning RES
Rooms
Basement Full,Unfinished
Interior
Hot Water Other
Heating Forced Air
Cooling None
Inclusions Everything at the property in as is condition.
Fireplace N
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Millville Board Of Education
Others
Senior Community No
Tax ID 10-00285-00006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard