Twitter
Facebook
Email
|
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!
| DAYS ON MARKET | 4 | LAST UPDATED | 2/19/2025 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | Millville City (20610) |
| COUNTY | CUMBERLAND | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| 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. |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by DePalma Realty
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.