3 unit investment Duplex & Single Family Home | 19-21 W Griffith St
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3 unit investment Duplex & Single Family Home 19-21 W Griffith St
3 Unit Apartment Building $285,000 ($95,000/Unit) 9.75% Cap Rate Penns Grove, NJ 08069
Executive Summary
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
Call Dawn or Jason for all information and tours
Call Dawn or Jason for all information and tours
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $27,792 | $9.26 |
Financial Summary (Actual - 2022)
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $27,792 |
Annual Per SF | $9.26 |
Property Facts Under Contract
Price | $285,000 | Property Subtype | Apartment |
Price Per Unit | $95,000 | Lot Size | 0.13 AC |
Sale Type | Investment | Building Size | 3,000 SF |
Cap Rate | 9.75% | Average Occupancy | 100% |
No. Units | 3 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1950/2021 |
Price | $285,000 |
Price Per Unit | $95,000 |
Sale Type | Investment |
Cap Rate | 9.75% |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Lot Size | 0.13 AC |
Building Size | 3,000 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1950/2021 |
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3 unit investment Duplex & Single Family Home | 19-21 W Griffith St
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