Price Reduction
2 W Park Avenue Penns Grove, NJ
$ 139,000
Property Attributes
  • MLS#NJSA141350
  • TypeMulti-Family
  • CountySALEM
  • CityPenns Grove
  • AreaPenns Grove Boro
  • Zip08069
  • StyleRanch/Rambler,Colonial
  • Year Built1960
  • Taxes$ 7198
  • Price$ 139,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Compass New Jersey, LLC
Data Source:
Bright MLS - 382 - MD
Property Description

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.

Middle School High School
Penns Grove M.S. Penns Grove H.S.
Price History
3/29/2021 Listed $144,000
7/12/2021 4% - $139,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Architectural Style Ranch/Rambler, Colonial
Construction Materials Aluminum Siding
Cool Fuel Electric
Cooling Window Unit(s)
County SALEM
Days on Market 96
Garage Y/N No
Heating Baseboard - Electric, Baseboard - Hot Water
High School PENNS GROVE H.S.
MLS Area Penns Grove Boro (21708)
Middle/Junior High School PENNS GROVE M.S.
New Construction No
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 47.55
Property SubType Duplex
Property Type Multi-Family
Rent Control Y/N No
Sewer Public Sewer
Structure Type Other
Tax Annual Amount 7198.0
Tax Lot 00006
Tax Year 2020
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No

Interior Features

Central Air Y/N No
Furnished Units None
Heating Fuel Electric, Natural Gas
Heating Y/N Yes
Hot Water Electric
Living Area 2923
Three Bedroom Units Count 2

Exterior Features

Lot Dimensions 127.00 x 110.00
Lot Size Acres 0.32
Lot Size Source Assessor
Lot Size Square Feet 13970.00
Navigable Water Y/N No
Off Street - # Of Spaces 10
Pool Y/N No Pool
Total Parking Spaces 14
Type of Parking Driveway, On Street, Off Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 08069

AVG $150K
AVG $4,886
AVG 57
Year Built
AVG 1945
AVG 51
Data Provided by Walkscore ® not using MLS data

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