Homes for sale - 500 S 8TH ST, Vineland, NJ 08360

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John Martinich

john@luphomes.com +1(703) 988-1288

$235,000

Est. payment - /mo

2,024 SqFt

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UPDATED:

10/09/2024 01:44 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,024 sqft

Price per Sqft $116

Subdivision None Available

MLS Listing ID NJCB2020082

Style Other

Abv Grd Liv Area 2,024

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $3,118

Tax Year 2023

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 100.00 x 75.00

Property Description

Large duplex on a corner lot waiting to be brought back to life and maxed out for profit. Live in one apartment and rent the other, or rent both out to maximize income. Downstairs is a comfortably sized 3 bedroom unit with a large eat-in kitchen, large living room, and spacious bedrooms. Unit has access interior access to the basement for additional storage. Upstairs is a 1 bedroom unit with a large bedroom, eat-in kitchen, and a sizeable walk-up attic allowing for extra storage. 1st floor is rented for $1,500. 2nd floor is renting for $900. Both units are leased month to month and are currently renting below fair market value. The property could potentially bring in a total of $3,200 in monthly revenue or more. Plenty of space for parking on and off-street and incredibly LOW taxes! This is a legally converted duplex ready for a quick closing. This property also qualifies for down payment assistance from the City of Vineland (subject to availability of funds at the time of applying) of up to $5,000 towards down payment and closing costs for qualified buyers who will be occupying the property as their primary residence. Cash, conventional, or rehab loans only. Being sold in AS-IS condition.

Location

State NJ

County Cumberland

Area Vineland City (20614)

Zoning RES

Rooms

Basement Full

Interior

Hot Water Electric, Natural Gas

Heating Radiator, Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric, Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District City Of Vineland Board Of Education

Others

Tax ID 14-04111-00010

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA 203(k)

Listing Terms Cash, Conventional, FHA 203(k)

Financing Cash,Conventional,FHA 203(k)

Special Listing Condition Standard

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Listed by Melanie Rios • OMNI Real Estate Professionals

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John Martinich

+1(703) 988-1288

Co-Owner | License ID: VA-0225221526

Co-Owner License ID: VA-0225221526

500 S 8TH ST Vineland, NJ 08360

John Martinich

John Martinich

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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