1. New Jersey
2. Millville
3. 123 W FOUNDRY ST

123 W FOUNDRY ST, Millville, NJ 08332

• 3 beds |
• 1 bath |
• 1,128 sqft

Property Description

Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!

Listing Status:

Active

Listing Office:

DePalma Realty : 8568255500

Listing Agent:

Michael DePalma : 6095014162

MLS ID:

NJCB2024582

Interior

• Basement: FullUnfinished
• A/C: None
• Heating: YForced AirOil
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Michael DePalma, DePalma Realty