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Photo of 31 S Myrtle Street, Vineland NJ
31 S Myrtle Street
Vineland, NJ 08360
# of Units
2
1 Bdrm Units
1
2 Bdrm Units
1
Acres
0.23
Interior SqFt
1,396
Age
136
Heating
Natural Gas
Cooling
Window Unit(s)
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
3,838
Additional Details Below

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

Listing Details

Property Information

Summary
Architectural Type

Traditional

Interior Features
Basement

Full, Unfinished, Interior Access, Block

Exterior Features
Exterior Features

Frame

Utilities
Cooling

Window Unit(s), Electric

Heating

Radiator, Natural Gas

Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: 02
Lattitude : 39.482930
Longitude : -75.015050
MLS# : NJCB2031046
Views : 66
Listing Courtesy: Michael DePalma of DePalma Realty

Notes

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