$87,900
$85,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
111 W PITMAN ST Penns Grove, NJ 08069
4 Beds
2 Baths
1,870 SqFt
Key Details
Sold Price $87,900
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,870 sqft
Price per Sqft $47
Subdivision River Front
MLS Listing ID 1003903069
Sold Date 09/28/16
Style Victorian
Bedrooms 4
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,870
Originating Board TREND
Year Built 1910
Annual Tax Amount $4,104
Tax Year 2015
Lot Size 6,240 Sqft
Acres 0.14
Lot Dimensions 48X130
Property Description
Either buy this property as a total investment or live in one unit and rent the others to pay your mortgage. There is a roomy Victorian home, a separate two car garage, and a two bedroom apartment over the garages. Presently all of these spaces are rented. The front home brings in $1,100/ month, the 2 bedroom apartment generates $850/ month, and the garage is rented for $50/ month. That is $2,000 per month on a property listed for $85,000. You do the math; it pays for itself. The main home can be a 3-4 bedroom home with 1 1/2 baths along with the other rooms listed in the description. There is a large paved paring lot between the units for off street parking. The two bedroom unit recently had a new gas heater installed. This property is being sold as-is, but don't let that indicate it needs extensive work. It does not. The purchaser will be responsible for any government inspections, certification, fees, etc. PLEASE NOTE...THIS IS NOT A SHORT SALE. Lease purchase or owner financing will be considered for qualified buyers.
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Zoning RESID
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Other, Attic
Basement Full, Unfinished
Interior
Interior Features Kitchen - Eat-In
Hot Water Natural Gas
Heating Gas, Radiator
Cooling None
Flooring Wood, Fully Carpeted, Vinyl
Fireplace N
Heat Source Natural Gas
Laundry Main Floor
Exterior
Exterior Feature Porch(es)
Garage Spaces 5.0
Fence Other
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Porch Porch(es)
Parking Type Other
Total Parking Spaces 5
Garage N
Building
Lot Description Level, Front Yard, Rear Yard, SideYard(s)
Story 3+
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Victorian
Level or Stories 3+
Additional Building Above Grade
New Construction N
Schools
Middle Schools Penns Grove
High Schools Penns Grove
School District Penns Grove-Carneys Point Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 08-00008-00008
Ownership Fee Simple
Acceptable Financing Conventional, VA, Private, Lease Purchase, FHA 203(b)
Listing Terms Conventional, VA, Private, Lease Purchase, FHA 203(b)
Financing Conventional,VA,Private,Lease Purchase,FHA 203(b)
Pets Description Case by Case Basis
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Bought with Cheryl A Barbagallo • Century 21 Rauh & Johns