31 S MYRTLE ST, Vineland, NJ 08360
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31 S MYRTLE ST, Vineland, NJ 08360
31 S MYRTLE ST, Vineland, NJ 08360
31 S MYRTLE ST, Vineland, NJ 08360
31 S MYRTLE ST, Vineland, NJ 08360
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Miguel C Martinez

Miguel C Martinez

+1(703) 725-8395
Listed by Mike DePalma • DePalma Realty
$ 300,000
Est. payment /mo
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31 S MYRTLE ST Vineland, NJ 08360

1,396 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,396 sqft

Price per Sqft $214

MLS Listing ID NJCB2031046

Style Traditional

Abv Grd Liv Area 1,396

Year Built 1890

Annual Tax Amount $3,838

Tax Year 2025

Lot Size 10,202 Sqft

Acres 0.23

Lot Dimensions 50.00 x 204.00

Property Sub-Type Detached

Source BRIGHT

Property Description

TURNKEY CASHFLOWING DUPLEX! This well-kept duplex has 2 bedrooms, 1 bathroom upstairs and 1 bedrooms, 1 bathroom downstairs. The 1 bedroom is currently tenant occupied while the 2 bedroom is vacant. The 1 bedroom rent roll is $1,295.00 per month, and current 2 bedroom rents in Vineland average an asking price of $1,600.00 or more. With both leased, an investor would expect gross rents of $34,740.00 annually, making this a very strong investment in a great location within a great rental market overall. The current tenant keeps his unit clean and tidy, and is on a long term annual lease that runs through the February 2027 The 2 bedroom unit is already turned and renovated and ready for occupancy. Both units have their own electric and gas meters for easy utility management. If you've been looking for a strong and stable multi-family property to start, add to, or diversify your investment portfolio, this is a strong option. OR, if you have been looking for a responsible way into homeownership, consider the possibility of purchasing this property as a primary homeowner for as little as 3% down, living in the upstairs unit and offsetting your living expenses with the first floor rental income. This is how many great investors and eventually wealthy individuals made their start in real estate, and it's your chance now. Take a look today.

Location

State NJ

County Cumberland

Area Vineland City (20614)

Zoning 02

Rooms

Basement Full, Unfinished, Interior Access

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Inclusions All landlord owned appliances, fixed items, and utility systems.

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Above Ground Finished SqFt 1396

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District City Of Vineland Board Of Education

Others

Tax ID 14-04202-00017

Ownership Fee Simple

SqFt Source 1396

Acceptable Financing Conventional, FHA, VA, Cash

Listing Terms Conventional, FHA, VA, Cash

Financing Conventional,FHA,VA,Cash

Special Listing Condition Standard

Bright MLS (BMLS)

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Miguel C Martinez
Miguel C Martinez

Owner | License ID: 0225072428

+1(703) 725-8395

AgentMCM.Com

8315 Lee Hwy #430, Fairfax, VA, 22031, USA

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31 S MYRTLE ST