129 North High Street

129 North High Street

Millville, NJ 08332

$350,000
Price
—
Beds
4,250 Sq. Ft.
$82 / Sq. Ft.
4,250
Sq. Ft.
$82
per Sq. Ft.
a view of a building with sitting area
a view of a building with sitting area and glass windows
a room with lots of chairs and mirrors
a living room with lots of furniture and white walls
a view of a livingroom with furniture and a flat screen tv
a room with musical instruments
a bathroom with a sink a toilet and a shower
a room with furniture and a dresser
a view of a workspace with furniture
a view of empty room
a view of empty room
a view of a livingroom with a ceiling fan and window
a bathroom with a sink a toilet and mirror
a bathroom with a sink a toilet and mirror
a view of front door
a view of a small space
a view of a livingroom with a ceiling fan
a living room with furniture and a floor to ceiling window
a living room with furniture and a wooden floor
a hallway with a stove a refrigerator and a dining table with wooden floor
a dining room with fireplace furniture and a window
a living room with furniture a flat screen tv and floor to ceiling window
a living room with furniture a flat screen tv and a window
a view of a living room and entryway
a bathroom with a sink toilet and a mirror
a living room with lots of furniture and kitchen view
a view of empty room with wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator a stove top oven a sink dishwasher and wooden cabinets
a bathroom with a sink and a mirror
a bathroom with a shower and a sink
a spacious bedroom with a bed and a large window
a bedroom with a bed wooden floor and window
a bed room with a bed and a chair
a view of empty room with wooden floor and fan
a view of an empty room with a window and wooden floor
a open kitchen with stainless steel appliances granite countertop a refrigerator a stove and a sink with wooden floor
a bathroom with a sink a toilet and vanity
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor
a view of an empty room with wooden floor
a bathroom with a sink and a toilet
a view of small space with racks on the wall
a view of empty room with wooden floor and fan
a view of a kitchen with stainless steel appliances
a view of a door of the house
a close view of water heater room
a view of a garage
a view of a brick building with a door and windows
a view of a brick building with large windows and a table
a view of a car park in front of a building

Description

5 Unit Mixed Use Commercial building in arguably the best and most strategic location on High St in Downtown Millville, fueled by redevelopment all around and directly across from the amazing Levoy Theater and newly renovated Fath Building. The building is comprised of 3 commercial units downstairs and 2 residential units upstairs. The residential units are a 2 bedroom, 1.5 bathroom unit and a 1 bedroom, 1 bathroom unit. All units, including the commercial spaces, are currently occupied. Downstairs...5 Unit Mixed Use Commercial building in arguably the best and most strategic location on High St in Downtown Millville, fueled by redevelopment all around and directly across from the amazing Levoy Theater and newly renovated Fath Building. The building is comprised of 3 commercial units downstairs and 2 residential units upstairs. The residential units are a 2 bedroom, 1.5 bathroom unit and a 1 bedroom, 1 bathroom unit. All units, including the commercial spaces, are currently occupied. Downstairs you will find a barber shop in Unit A, an upcycling furniture store called Introducing Vicky, in Unit B, and a photography studio in Unit C. The City Tax assessor does not have actual sqft numbers but each commercial unit is roughly 1000 sqft estimated. Buyers should confirm sqft. The current rent roll is just under $5,000 per month and rents have room to go up. The building is fully electric so all utilities outside of water/sewer are paid by the tenants in the leases. The owner pays taxes, building insurance, and water/sewer. I have a PnL breakdown for interested and qualified buyers. All around this building you will notice revitalization happening, from the Levoy and the Fath to some of the most successful businesses in the Downtown in the first and second block. Millville is slated also to see an increase in the coveted dining sector right around this location in the coming years, further cementing this property as a prime location for commercial tenants moving forward. Whether you are a business owner looking to relocate and have your expenses covered by the other tenants, or a pure investor looking for both a cash flow and appreciation play, this building is definitely worth a look!
  1. Listed by Michael DePalma • DePalma Realty
    P: 6095014162 michael.depalma4@gmail.com

Property Details for 129 North High Street

Tax ID Number
10-00415-00027
Ownership
Fee Simple
Structure Type
Over Storefront
Style
Other
Waterfront
No
Garage
No
Municipality
MILLVILLE CITY
Central Air
Yes

Location

Listing Courtesy of DePalma Realty
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LISTING UPDATED: 04/25/2024 10:40 AM

Property Details for 129 North High Street

StatusActive
MLS #NJCB2017864
Days on Market12
Taxes$8,550 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1919
Lot Size0.20 AC / 8,747 SF
CountyCumberland County NJ

Location

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Building Information for 129 North High Street

Stories-Residences2Year Built1919Building Size-Lot Size0.20 AC / 8,747 SF

Payment Calculator

$2,623 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$713

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 129 North High Street

Location
Location
  • School District Name: MILLVILLE BOARD OF EDUCATION
  • School District County ID: 300200396113
  • SchoolDistrictSource: Listing Agent
  • County: CUMBERLAND
  • MLS Area: Millville City (20610)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $219,700
  • Year Assessed: 2023
  • Improvement Assessed Value: $194,200
  • Land Assessed Value: $25,500
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 0
  • Refuse Fee: $40
  • Zoning: B-3
  • Tax Lot: 00027
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Insurance, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 5
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Trash
Financial Information
  • Gross Scheduled Income: $58,824
  • Net Operating Income: $40,874
  • Annual Rental Income: $58,824
  • Income Includes: Apartment Rentals, Shop Rentals
  • Cap Rate: 11.68
  • Existing Lease Type: Long Term, Escalate Clause
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 53.00 x 165.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 3136426
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s), Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 129 North High Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 129 North High Street

Taxable ValueLand$25,500Additions$194,200Total$219,700
Tax Record2022$8,329 ($694 / month)
Home Facts
Baths2Total Finished SqFt6,374 SqFtAbove Grade Finished SqFt6,374 SqFtStories2Lot Size8,747 SqFtStyleMiscellaneous CommercialYear Built1919ZoningB-3CountyCUMBERLANDAPN10 00415-0000-00027

Schools near 129 North High Street

This home is within Millville Board Of Education School District.
Rating
School
Type
Grades
Distance
R.D. Wood Elementary School
Public - K to 5
Lakeside Middle School
Public - 6 to 8
Millville Senior High School
Public - 9 to 12
Memorial High School
Public - 9 to 12
Rating
School
Distance
R.D. Wood Elementary School
PublicK to 5

Lakeside Middle School
Public6 to 8

Millville Senior High School
Public9 to 12

Memorial High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 129 North High Street, Millville, NJ 08332

129 North High Street is a multi-family home for sale in Millville, NJ 08332. This property was listed for sale on April 25, 2024 by DePalma Realty, it's currently listed at $350,000. It has been on the market for a total of 12 days and was last sold on December 22, 2020. This listing's school district is Millville Board Of Education School District. Nearby schools include R.D. Wood Elementary School, Lakeside Middle School and Millville Senior High School. 129 North High Street is a 0-bed, 0-bath, 4,250 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DePalma Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.