FULLY OCCUPIED SIDE-BY-SIDE DUPLEX! Welcome to 11-13 Mulford Avenue in Millville, an income-producing two-unit property offering a functional layout, existing rental income, and potential for future upside. Each side of this duplex features 2 bedrooms and 1 full bathroom, providing a total of 4 bedrooms and 2 bathrooms across the… Read More property. Both units offer functional floor plans and gas heat, with the side-by-side configuration providing each residence with its own distinct living space. The property is currently FULLY OCCUPIED and generating $22,200 in total annual rental income based on current rents. With existing income in place and the potential to increase revenue over time, this property offers an opportunity for a new owner to evaluate rents, expenses, improvements, and future operating strategy. Conveniently located outside Millville's downtown core and offered at an attractive price point relative to recent area sales, 11-13 Mulford Avenue presents an opportunity to add a fully occupied duplex to your real estate portfolio. Whether evaluating the property for its current income or its longer-term potential, there's plenty to like here. Schedule your showing and take a closer look at this Millville duplex! *Cap Rates and/or CashonCash Returns or returns of any kind are based on pro form basis and should be verified using a buyer's own methods of evaluation. Read Less
Courtesy of Michael DePalma, DePalma Realty, 856-825-5500
Listing Snapshot
Days Online
36
Last Updated
Property Type
Duplex
Square Ft.
2,184
Lot Size
0.19 Acres
Year Built
1920
MLS Number
NJCB2032802
Additional Details
Basement
Unfinished
Building
Built in 1920, Living area: 2184, Construction Materials: Frame, Block
Cooling
Window Unit(s)
Accessibility Features
None
Expenses
Operating: $6,100
Foundation
Block
Heating
Forced Air
Income
Net Operating Income: $16,075, Apartment Rentals
Lot
0.19 acres
Owner Pays
Taxes - Real Estate, Water, Sewer, Insurance
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $4,096, Lot: 00025, Year: 2025, Zoning: RES
Utilities
Water Source: Public
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