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$ 429,000
Est. payment /mo
Price Dropped by $20K
27 E Pierson Ave Somers Point, NJ 08244
2 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 596234
Bedrooms 2
Annual Tax Amount $5,872
Tax Year 2024
Property Sub-Type Duplex
Property Description
Investor's Dream or Live-In Opportunity – Duplex at 27 E Pierson Ave! Welcome to this well-maintained duplex located in a desirable neighborhood, offering both solid rental income and future potential. This property features two spacious units: Unit 1: 1 Bedroom, 1 Bathroom. Unit 2: 3 Bedrooms, 1 Bathroom Currently generating $4,000 /month in rental income, this property is a great opportunity for investors looking for strong cash flow, or for an owner-occupant seeking to live in one unit while renting the other. Additional highlights include: Ample off-street parking for tenants and guests Well-kept interiors with reliable tenants in place Excellent upside potential with a simple reconfiguration of the 2-bedroom unit Don't miss out on this versatile investment in a prime location! Brand new roof!! 7.25% CAP Rate
Location
State NJ
County Atlantic
Community Somers Point
Area Somers Point City
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by eXp Realty - Montclair