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Property view

19-21 W Griffith St, 
Penns Grove, NJ 08069

$285,000


4

Beds


Bath


1,364

Sq Ft


Multi-Family

Sold

Listed by

Sidney Benstead

Bought with RealtyMark Properties

Bhhs Fox & Roach-Marlton, (856) 810-5300

MLS#

NJSA2009622

Source:

BRIGHTMLS

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About This Home

19-21 W Griffith St

Excellent investment property to add to your portfolio located just off of Main street in Penns Grove close to Route 295 minutes to Delaware and close to Philadelphia. Great asset to add to your investment portfolio, 3 unit investment property with a duplex and single family home on one lot. The duplex is top and bottom with 2 large 1BR units, the 1st floor unit is set up as a 2 bedroom but and has laundry hookups for tenant. The second floor unit is spacious with large eat in kitchen, living room area and 1 large bedroom that could have been 2 bedrooms at one point. The single-family home is another one-bedroom unit but set up as 2 bedrooms, eat-in kitchen and large living room. Great rental income at $1,000/ month with even more upside if needed and leases in place for each tenant on a year-to-year basis. There is a large parking area for tenants along with street parking, separate entrances for each unit and multiple access points for two of the units. All utilities are separate with newer HVAC systems and hot water heaters. All units have been upgraded throughout with flooring, baths, kitchens etc . This is a turnkey operation with excellent rental history and a cap rate of 9.75% return on investment. Excellent opportunity awaits, showings through agents only and full P&L/ OM upon request. $3,000 selling bonus to buyer's agent with full price purchase. The sale includes 17 ,19 & 21 Griffith Street

Home Facts

Multi-Family

4 Bedrooms

Built in 1940

Price Summary

285,000

$208 per Sq. Ft.

MLS #:

NJSA2009622

Sold:

January 25, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

4


Structure

Structure

Architectural Style:

Dwelling w/Separate Living Area

Building Area:

1,364 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$285,000

Price per Sq. Ft:

$208 per Sq. Ft.

Source:BRIGHTMLS
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