123 W FOUNDRY ST Active Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,128 sqft
Price per Sqft $110
Subdivision None Available.
MLS Listing ID NJCB2024582
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1912
Annual Tax Amount $2,476
Tax Year 2024
Lot Size 3,100 Sqft
Property Sub-Type Twin/Semi-Detached
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
Interior
Hot Water Other
Heating Forced Air
Cooling None
Inclusions Everything at the property in as is condition.
Exterior
Water Access N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Millville Board Of Education
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Standard