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$ 400,000
Est. payment /mo
Price Dropped by $15K
18 Cooper Drive Somers Point, NJ 08244
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250881
Bedrooms 4
Year Built 1970
Annual Tax Amount $7,524
Tax Year 2024
Lot Dimensions 75x118
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 units, each offering 2 bedrooms and 1 bathroom, perfect for both investors and buyers seeking rental income potential. Unit 1 will need work and could rent for approx. $2,000 when renovated. Unit 2 Recently remodeled with a new kitchen, updated countertops, freshly painted interior, and new flooring. Market rent for this unit is approximately $2,000/month. 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: $48,000. Licensed Agent is related to Seller. This property is part of an Estate and is being sold in "as is" condition. No Repairs will be made by seller.
Location
State NJ
County Atlantic County
Area Out Of County
Rooms
Other Rooms Living Room, Dining Room, Kitchen
Interior
Hot Water Gas
Heating Gas Natural, Forced Air
Cooling Ceiling Fan, Wall Air Conditioning
Exterior
Exterior Feature Deck, Fenced Yard
Building
Sewer City
Water City
New Construction No
Listed by eXp REALTY
GET MORE INFORMATION
Micah Yerk
Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889
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