** OFFER DEADLINE 6/14 @ 1PM** Located on a quiet street, this side by side duplex features a deep corner lot, and walking convenience to downtown. Pictures are first exterior, then unit 520, then unit 522. 520 2nd St features a high efficiency gas heater less than 5 years old (ductwork in place if you want to add central air), a first floor with beautiful laminate floors that flow from the living room into the dining room. A spacious kitchen with ample cabinet and counter space, laundry hookups, and new vinyl flooring. Upstairs are 3 generously sized bedrooms with newer carpeting, 6 panel doors, and an updated bathroom. 522 2nd Ave is the same layout, and the high efficiency gas heater is also less than 5 years old. Both units have newer, vinyl replacement windows (less than 4 years old), and the entire building features low maintenance vinyl siding. Units rented at $1470 & 1417 per month. Leases currently month to month, so owner occupants may also love this opportunity. Annual gross gents of $34,644. Net operating income before debt of $22,163. CAP Rate about 8.87%. Potential to increase gross rents to $36-37,000 per year. Public water. Public sewer. Replacement windows. Gas forced air systems. 2,280 sq ft total. Side by side units. Large lot, possibility of adding a garage or mayb subdividing. Another money making duplex is also available at 21-23 Lake St, Swedesboro, NJ 2022-07-24
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