2 West Park Avenue

Penns Grove NJ 08069

0.32 ac.

Multi-Family

Currently for sale - view listing

Overview

2 for the price of 1, come grab this cash cow in Penns Grove while the option lasts! What a unique opportunity to purchase two, single detached homes at a value consistent with what other investors have paid for a traditional duplex. Located in the highly accessible and affordable town of Penns Grove, the opportunity consists of a 4 bedroom, 2 full bath home, just under 2000 square feet, which is currently leased for $1,200/month to a long term tenant (photos are from when the property was listed back in 2019). The second home is located directly behind the first and its stats are 3 beds, 1 bath, approximately 1000 square feet and was just leased for $1,000/month for a one year term. There is abundant parking on site and available on the street. This location is strongly desired due to great accessibility to the tri-state area and if you have a vacancy you shouldn’t have any trouble finding a new tenant. This home easily pays for itself with cash flow and your tenants will enjoy having their own home versus being in a multi-family property. In order to preserve the tenant’s privacy, prospective buyers are not welcome to access the property at any time unless they have an approved appointment (NO EXCEPTIONS). Additional information available upon request.