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Key Details
Sold Price $276,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 575368
Sold Date 08/14/23
Bedrooms 2
Year Built 1925
Annual Tax Amount $7,173
Tax Year 2022
Property Description
Calling all Investors! Welcome to 27 E Groveland in Somers Point, NJ! This charming duplex offers a unique opportunity for investors or those seeking to convert back to a single family home. The first floor features 2 bedroom and 1 bath unit, while the second floor offers 1 bedroom and 1 bath unit. Currently both units are tenant occupied on a month-to-month lease, providing immediate rental income. However, it is important to note that the current rental rates are below market value. With some tender loving care (TLC), these units have the potential to be transformed into profitable rentals or a beautiful single family residence. Situated in a convenient location and close to amenities, this property holds promise. Take advantage of this excellent opportunity to invest in the thriving Somers Point market. Don't miss out on the potential of 27 E Groveland. Schedule a showing today and envision the possibilities.
Location
State NJ
County Atlantic
Community Somers Point
Area Somers Point City
Interior
Heating Radiator
Exterior
Parking Features None
Building
Sewer Public Sewer
Water Public
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