MLS® ID: NJCB125948
708 N 4TH STREET
MILLVILLE, New Jersey, 08332
$89,900
Active
This property is being sold as a PACKAGE along with 322 F St., 809 N 4th St., 721 E Vine St., and 607 E Vine St. in Millville. Each property is listed individually as the MLS necessitates, but not one of the properties is being sold individually. Each property is priced the same at $89,900 because the list price for the entire package is $89,900 times 5, or $449,500. All offers must be made with the total list price in mind. All properties are tenant-occupied. This property currently rents for $1,500.00 per month + utilities. The seller is responsible for maintenance, taxes, and insurance. Altogether the properties gross an annual rental income of $85,380. All of the properties are being sold in "as-is" condition and all certifications, inspections, and necessary repairs for financing are the responsibility of the buyer. The properties are in general good shape, taken care of by the landlord and tenants and are positive cashflowing. At the total purchase price, together they grossing ~19% cap without taking away for administrative/maintenance expenses, taxes, and insurance.
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