79 Penn Street

Penns Grove, NJ 08069

$219,900
Price
Beds
3,033 Sq. Ft.
$73 / Sq. Ft.
3,033
Sq. Ft.
$73
per Sq. Ft.

Description

Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI)...Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!
  1. Listed by Robert J Sapienza Jr. • Lamb Realty
    P: 6092545778 realtorbobsapienza@gmail.com

Property Details for 79 Penn Street

Tax ID Number
08-00052-00001 01
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Colonial
Waterfront
No
Garage
No
Municipality
PENNS GROVE BORO
Central Air
No

Location

Listing Courtesy of Lamb Realty
Add your commute
LISTING UPDATED: 04/24/2024 02:21 PM

Property Details for 79 Penn Street

StatusActive
MLS #NJSA2010778
Days on Market12
Taxes$5,858 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1940
Lot Size0.14 AC / 5,934 SF
CountySalem County

Location

Listing Courtesy of Lamb Realty
Add your commute

Building Information for 79 Penn Street

Stories-Residences2Year Built1940Building Size-Lot Size0.14 AC / 5,934 SF

Payment Calculator

$1,688 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,200

Property Taxes

$488

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 79 Penn Street

Location
Location
  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS
  • School District County ID: 300200397143
  • SchoolDistrictSource: Listing Agent
  • County: SALEM
  • MLS Area: Penns Grove Boro (21708)
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: $109,300
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $98,000
  • City Town Tax: $0
  • Land Assessed Value: $11,300
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RES
  • Tax Lot: 00001 01
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Rent Control: Yes
Financial Information
Financial Information
  • Net Operating Income: $26,000
  • Annual Rental Income: $34,800
  • Existing Lease Type: Gross
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 46.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2199938
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas Available
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Gloucester Salem Counties Board of REALTORS

Property History for 79 Penn Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 79 Penn Street

This home is within Penns Grove-Carneys Point Regional School District.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Field Street Elementary School
Public1 to 3

Paul W. Carleton Elementary School
Public4 to 5

Penns Grove Middle School
Public6 to 8

Penns Grove 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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79 Penn Street is a multi-family home for sale in Penns Grove, NJ 08069. This property was listed for sale on April 24, 2024 by Lamb Realty, it's currently listed at $219,900. This listing's school district is Penns Grove-Carneys Point Regional School District. Nearby schools include Field Street Elementary School, Paul W. Carleton Elementary School and Penns Grove Middle School. 79 Penn Street is a 0-bed, 0-bath, 3,033 sqft multi-family home built in 1940.

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 Lamb 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.