416 GREEN ST W Active Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,001 sqft
Price per Sqft $134
Subdivision None Available
MLS Listing ID NJCB2024334
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1875
Annual Tax Amount $2,347
Tax Year 2024
Lot Size 5,850 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
Opportunity knocks at 416 W Green Street! This 3-bedroom, 1-bathroom twin home offers 1,001 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.
Featuring natural gas forced air heating and gas hot water, the home's core systems are already in place. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just $2,350, 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
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Exterior
Water Access N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Millville Board Of Education
Others
Acceptable Financing Cash,Conventional,VA
Listing Terms Cash,Conventional,VA
Special Listing Condition Standard