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$210,000

142 6th Terrace

Description

Investor Alert! Fantastic opportunity to own a value-add duplex in the heart of Egg Harbor City! This property features two spacious 2-bedroom, 1-bath units, each with separate gas furnaces and electric meters--tenants pay their own utilities! The upstairs unit has been completely renovated and is ready for a new tenant at fair market rent of $1,500/month. The downstairs unit is currently rented at $1,100/month on an annual lease and offers significant upside potential--once updated, this unit can also achieve $1,500/month, bringing your total gross potential rent to $3,000/month. While the property still needs some work, the heavy lifting has already been done upstairs. This is a great chance to finish the improvements, increase cash flow, and build equity in a growing rental market. Priced to sell--don't miss out on this income-producing gem!

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Location

142 6th Terrace, Egg Harbor City, NJ 08215

Status

Sold
Daniel  Rallo

Daniel Rallo

TITLE

Broker Associate

Property Amenities

Area & Lot
MLS® ID 594548
Type Multi-Family
Status Sold
Exterior
Heat type Gas-Natural, Radiator
Water Source Public
Sewer Public Sewer
Other Exterior Features Deck, Fenced Yard
Parking Three or More Cars
Utilities Electric, Gas
Finance
Sales Price $210,000
Real Estate Tax $6,095 yearly

Work With Daniel

Daniel's mission is simple is to put people before profit, lead with integrity, and help homeowners and investors maximize their potential. Whether you’re buying, selling, investing, or just love real estate, Daniel is your go-to resource for expert advice and authentic insight.