Location
Description
Unlock the potential of this income generating, two-story duplex offering tremendous built-in upside. The spacious first-floor unit (960 sq ft) features 3 bedrooms, 1 bath, a large eat-in kitchen, comfortable living room, in-unit laundry, and a 24' x 8' enclosed porch. Currently rented month-to-month at $1,050 with area comps supporting rents around $2,100 after updates. The second-floor unit (906 sq ft) includes 2 bedrooms, 1 bath, a bright eat-in kitchen, and a cozy living room, and is currently occupied by family at no rent, giving new owners full flexibility. Similar units are renting for approximately $1,400 per month. With strong rental demand and a projected stabilized income of $3,500 and up per month once improved, this property offers a clear value-add opportunity through cosmetic and functional upgrades. Whether you choose to live in one unit while renovating the other or bring both to market as high-performing rentals, the cash-flow potential far outweighs the upfront work. This duplex is more than a property; its a meaningful equity building opportunity ready to be unlocked. Home being conveyed in "As Is" condition.
Interior Features
- Cool System: Wall Air Conditioning
- Heat System: Gas Natural
Exterior Features
- Parking: 3 Car
Additional Features
- County: Cape May County
- Property Type: Duplex
- Unit Location: Cleared Lot, Inside Lot
- Water/Sewer: City
- Year Built: 1930