This is not your typical investment property. This 4-unit investment property has two duplex buildings, 4 garages and a substantially positive cash flow. Front building has been recently updated with completely new laminate and hardware flooring, paint, etc. Two long-term great tenants in the front duplex pay over $2,200 per month in rent. The back building tenants (above garages) pay a total of $1,450 and are recently new to the building. There are 4 units in all. The main home consists of a duplex...both sides contain 3 brs, spacious living room, dining room and kitchens in both units. The apartments in the back are in excellent shape, too, with new windows, electric service and appliances. There are also 4 garage units that you could easily rent out for an additional profit. This property is a winner! This is an absolute must see for your investors. Put it on your must see list today before it is gone!
Sold for $255,000 on 03/14/25
$255,000
53-55 W Main St, Penns Grove, NJ 08069
9beds
4baths
4,200sqft
MultiFamily
Built in 1925
-- sqft lot
$379,000 Zestimate®
$61/sqft
$1,509 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Baseboard, Forced air, Electric, Gas
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood, Laminate, Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 4,200 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, Garage - Detached, Off-street
Features
- Exterior features: Metal
Lot
- Size: 9,809 sqft
Details
- Parcel number: 0800047000000026
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1925
Community & neighborhood
Location
- Region: Penns Grove
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$379,000
2% more+$7,580
With Zillow Showcase(estimated)$386,580