11-13 MULFORD Avenue
Property Description
FULLY OCCUPIED SIDE-BY-SIDE DUPLEX! Welcome to 11-13 Mulford Avenue in Millville, an income-producing two-unit property offering a functional layout, existing rental income, and potential for future upside. Each side of this duplex features 2 bedrooms and 1 full bathroom, providing a total of 4 bedrooms and 2 bathrooms across the property. Both units offer functional floor plans and gas heat, with the side-by-side configuration providing each residence with its own distinct living space. The property is currently FULLY OCCUPIED and generating $22,200 in total annual rental income based on current rents. With existing income in place and the potential to increase revenue over time, this property offers an opportunity for a new owner to evaluate rents, expenses, improvements, and future operating strategy. Conveniently located outside Millville's downtown core and offered at an attractive price point relative to recent area sales, 11-13 Mulford Avenue presents an opportunity to add a fully occupied duplex to your real estate portfolio. Whether evaluating the property for its current income or its longer-term potential, there's plenty to like here. Schedule your showing and take a closer look at this Millville duplex! *Cap Rates and/or CashonCash Returns or returns of any kind are based on pro form basis and should be verified using a buyer's own methods of evaluation.
Broker Details
DePalma Realty LLC (856) 825-5500
MLS ID: 3242226 State License Number: 1328898
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $199,900 |
| No. of Units: | 2 |
| Year Built: | 1920 |
| Lot Size: | 2,184.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $99,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-NJCB2032802
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