700 Pleasant Drive Millville, NJ $ 999,000
700 Pleasant Drive
$ 999,000
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700 Pleasant Drive

Millville, NJ, 08332
$ 999,000
Baths0.0 Sq 6,900

Monthly Estimate*

$ 6,640

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Studio

Commercial Property for sale in Millville, NJ

for $999,000. This 6,900 square foot building was built in 1965 on a lot size of 0.53.

8 Unit Apartment Building. Excellent condition with parking. Fully rented with long term tenants. All units identical- 4 on first floor with patio and 4 on second floor with deck. 1 bedroom/1 bath each @ 800SF, (7 units $875/mo. 1 unit $900) hardwood flooring throughout, wall unit a/c, garbage disposal. Utilities separated- tenant pays electric (hot water and baseboard heat). $4,000 of Additional income from Coin op Laundry in building- 2 sets washers and dryers. Fabulous quiet neighborhood and minutes to Millville's bustling downtown. Call Stephanie for rent roll and expenses.

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Commercial Active

Price

$ 999,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,388

Style

Apartment Building

Lot Size

0.53

Year Built

1965

Town/City

Millville

County/Region

Cumberland

MLS | Web ID

NJCB2018084

Features
Interior
Heating Fuel Electric
Flooring Hardwood
Hot Water Electric
Heating Y/N Y
Street Suffix DRIVE
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Wall Unit
Possession Negotiable
Roof Shingle
Zoning RES
Construction Materials Vinyl Siding
Exclusions Tenants property
Year Built 1965
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality MILLVILLE CITY
Gross Income 88300.00
Business Type Apartment Building
Accessibility None
County CUMBERLAND
Net Operating Income 58245.00
Insurance Expense 4000.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions W. Main St. to Chestnut St. to Pleasant Dr.- Property on corner of Chestnut and Pleasant Dr.
City MILLVILLE
Buyer Agent Compensation 2.5
Total Units 8
MLS Area Millville City (20610)
Lot Size Square Feet 23100.00
Waterfront Y/N N
Street Name PLEASANT
Tax Annual Amount 15388.0
Electric Expense 600.00
Fuel Expense 708.00
Property Condition Excellent
Trash Expense 1800.00
Price Per Sq Ft Total 144.78
Vacation Rental Y/N N
Days on Market 11
Standard Status Active
Year Built Source Estimated
Tax Lot 00013
Cap Rate 5.83
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Lot Features Corner Level
Water Source Public
Inclusions All appliances 2 sets of coin op washers and dryers
Type of Parking On Street Parking Lot
Water View Y/N N
Building Area Total 6900.00
Lot Dimensions 175.00 x 132.00
Lot Size Acres 0.53
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 30700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 700
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* Excluded Features
List By
Compass Pennsylvania, Llc

Broker

stephanie@themacdonaldteam.com

Email

Affordability Calculator

$7,922
Per Month
84%
16%
0%
Monthly Principal & Interest
$6,640
Monthly Property Taxes
$1,282
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2024$999,000 Listed Price

Map


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700 Pleasant Drive, Millville, NJ, 08332 is a Commercial Property for sale at $999,000 with 6,900 sqft and a lot size of 0.53. 700 Pleasant Drive is a studio with 0.0 baths and was built in 1965. The property's zip code is 08332 which is in Millville, NJ