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$ 450,000
Est. payment /mo
New
18 Cooper Dr Dr Somers Point, NJ 08244
2 Beds
2 Baths
UPDATED:
02/12/2025 04:54 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 593041
Bedrooms 2
Full Baths 2
Year Built 1970
Annual Tax Amount $7,524
Tax Year 2024
Property Sub-Type Duplex
Property Description
This spacious side-by-side duplex at 18 Cooper Drive presents an excellent investment opportunity or a chance for an owner-occupant to offset their mortgage by renting one side. The property features two well-maintained units, each offering 2 bedrooms and 1 bathroom, perfect for both investors and buyers seeking rental income potential. Unit 1 (Rented): Tenant has been in place for 10+ years, with a lease set to expire on March 30th, 2025. After this, the tenant will be on a month-to-month basis. Currently rented for $1,650/month, with the tenant willing to sign a new lease if desired. Tenant pays electric, gas, and water utilities. Unit 2 (Vacant): Recently remodeled with a new kitchen, updated countertops, freshly painted interior, and new flooring. Market rent for this unit is approximately $2,000/month. Tenant pays electric, gas, and water utilities. Additional Features: New Roof installed in Summer 2023. Annual Operating Costs: Sewer: $770 per year (paid by the owner). Insurance & Taxes: Paid by the owner. Separate Utilities: Each unit has its own electric, gas, and water meters. Investment Potential: Total Possible Annual Income: $43,800. Unit 1: $1,650/month Unit 2: approx. $2,000/month. Licensed Agent is related to Seller.
Location
State NJ
County Atlantic
Community Somers Point
Area Somers Point City
Rooms
Other Rooms Dining Room, Kitchen, Living Room
Basement Crawl Space
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Aluminum
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by eXp Realty - Montclair