Photo of 79 Penn Street, Penns Grove NJ
     
79 Penn Street
Penns Grove, NJ 08069
Penns Grove Borough
Penns Grove Carneys Point Schools
Salem County
Asking Price$219,900
# of Units2
Acres0.14
Interior SqFt3,033
Age84
HeatingNatural Gas
Cooling 
WaterPublic
SewerPublic
Garages0
Taxes (2023)5,858

Description
Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!

Room Sizes

Location


Driving Directions
Penn Street

Details
Architectural Type - Colonial
Basement - Full, Block
Exterior Features - Vinyl Siding
Heating - Forced Air, Natural Gas Available
Hot Water - Natural Gas
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 39.735516
Longitude : -75.472092
EveryHome Number : JSA201-40424
Listing Courtesy Lamb Realty
Zoning Designation RES