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$ 430,000
Est. payment | /mo
2 Beds
2 Baths
$ 430,000
Est. payment | /mo
2 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 593041
Bedrooms 2
Full Baths 2
Year Built 1970
Annual Tax Amount $7,524
Tax Year 2024
Property Sub-Type Duplex
Property Description
This spacious side-by-side duplex at 18 Cooper Drive presents an excellent investment opportunity or a chance for an owner-occupant to offset their mortgage by renting one side. The property features two well-maintained units, each offering 2 bedrooms and 1 bathroom, perfect for both investors and buyers seeking rental income potential. Unit 1 (Rented until April 1st): Tenant has been in place for 10+ years but moving out March 31st. Unit will need work and could rent for approx. $2,000 when fixed up. Unit 2 (Vacant): Recently remodeled with a new kitchen, updated countertops, freshly painted interior, and new flooring. Market rent for this unit is approximately $2,000/month. Tenants pay electric, gas, and water utilities. Additional Features: New Roof installed in Summer 2023. Annual Operating Costs: Sewer: $770 per year (paid by the owner). Insurance & Taxes: Paid by the owner. Separate Utilities: Each unit has its own electric, gas, and water meters. Investment Potential: Total Possible Annual Income: $48,000. Licensed Agent is related to Seller. This property is part of an Estate and is being sold in "as is" condition. No Repairs will be made by seller.
Location
State NJ
County Atlantic
Community Somers Point
Area Somers Point City
Rooms
Other Rooms Dining Room, Kitchen, Living Room
Basement Crawl Space
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Aluminum
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by eXp Realty - Montclair
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1244 West Chester Pike, Suite 409, West Chester, Pennsylvania, 19382, USA