623 S 2nd St, Millville, NJ 08332

Property Description

Great opportunity for both new and seasoned investors or owner-occupants! This detached duplex offers flexibility, strong rental income potential, and low real estate taxes. The second-floor unit is currently rented for $1,800 per month to a month-to-month tenant who would like to stay, providing immediate rental income. The vacant first-floor unit, previously rented for $1,600 per month, is ready to rent or could be ideal for an owner-occupant looking to offset their mortgage with rental income. Recent improvements include two brand-new furnaces, a new water heater, updated flooring, and bathrooms. While some additional cosmetic updates could further enhance the property's value, the first-floor unit is ready for occupancy. Additional features include a basement for storage, off-street parking for up to four vehicles, and no HOA fees. With a combined rental potential of $3,400 per month based on current and previous rents, this property offers attractive cash flow potential when fully rented. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this duplex offers an excellent opportunity!