Schedule a Showing
Share
Print
|
3-unit mixed use building in Millville's growing downtown, for less than $200,000.00! This is a steal of a deal with two store fronts and a 3 bedroom 1 bathroom apartment upstairs already renovated and rented. Upstairs brings in a gross annual rent of $18,900.00 per year. When rented, the two store fronts should bring in around $750.00 and $600.00 per month each based on market rents in the area, adding an additional $16,200.00 to the gross annual rent, totaling $35,100.00. What's even more remarkable is that this entire building has annual taxes less than $2,000.00 per year. The Cap Rate and Cash on Cash returns are both very attractive on a pro forma basis. Situated next to the phenomenal DC Gallery & Studio and across from the Village on High, this property is ready to take on new life with new ownership. The upstairs 3 bedroom apartment was recently completely rehabbed and a new gas boiler was installed for the building just a few days ago. Take advantage of this deal and be part of High Street before all the other development takes place and the barrier to entry becomes to high! With instant cash flow and potential to generate much more into the future, this building is a fantastic investment for both the new and experienced investor. Schedule a showing today!
Property Type(s):
Commercial
| Last Updated | 2/19/2025 | Year Built | 1920 |
|---|---|---|---|
| Community | Millville City (20610) | County | CUMBERLAND |
SCHOOLS
| School District | MILLVILLE AREA |
|---|
Additional Details
| AIR | Electric, None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Millville City (20610) |
| CONSTRUCTION | Frame |
| HEAT | Baseboard, Natural Gas, Radiant |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 22.00 x 54.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 1903 |
| WATER | Public |
| ZONING | Downtown Commercial Zoning. See documents for allowable uses. |
Location
Listing provided by DePalma Realty
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/19/25 8:08 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email