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Listed by Michael DePalma • DePalma Realty

$135,000

Est. payment - /mo

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3 Beds

1 Bath

1,128 SqFt

New

123 W FOUNDRY ST Millville, NJ 08332

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Celeste Linthicum

Real Brokerage, LLC

sold@celestelinthicum.com +1(703) 447-2238

UPDATED:

Key Details

Property Type Single Family Home, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,128 sqft

Price per Sqft $119

Subdivision None Available.

MLS Listing ID NJCB2024582

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,128

Year Built 1912

Annual Tax Amount $2,476

Tax Year 2024

Lot Size 3,100 Sqft

Acres 0.07

Lot Dimensions 25.00 x 124.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

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

Rooms

Basement Full, Unfinished

Interior

Hot Water Other

Heating Forced Air

Cooling None

Inclusions Everything at the property in as is condition.

Fireplace N

Heat Source Oil

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 2

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Millville Board Of Education

Others

Senior Community No

Tax ID 10-00285-00006

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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Celeste Linthicum

Agent | License ID: 0225260992

+1(703) 447-2238