123 W Foundry St, MILLVILLE, NJ 08332 (MLS # NJCB2024582)
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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!
| DAYS ON MARKET | 34 | LAST UPDATED | 7/3/2025 |
|---|---|---|---|
| TRACT | NONE AVAILABLE. | YEAR BUILT | 1912 |
| COMMUNITY | Millville City (20610) | COUNTY | CUMBERLAND |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | MILLVILLE BOARD OF EDUCATION |
|---|
| PRICE HISTORY | |
| Prior to Jun 11, '25 | $135,000 |
|---|---|
| Jun 11, '25 - Jul 3, '25 | $125,000 |
| Jul 3, '25 - Today | $120,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric, None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Millville City (20610) |
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Frame |
| HEAT | Forced Air, Oil |
| LOT | 3049 sq ft |
| LOT DIMENSIONS | 25.00 x 124.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial |
| SUBDIVISION | NONE AVAILABLE. |
| TAXES | 2476 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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