$120,000

Sold | Aug 15, 2025 - $115,000

123 W Foundry St, Millville, NJ, 08332

3

Beds

1

Bath

1,128

Square feet

0.07

Acres

Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!

Listing Details

OfficeDePalma Realty

Facts & Features

MLS® # NJCB2024582
Price $120,000
Bedrooms 3
Bathrooms 1.00
Full Baths 1
Square Footage 1,128
Acres 0.07
Year Built 1912
Type Residential
Sub-Type Twin/Semi-Detached
Style Colonial
Status Closed

Community Information

Address 123 W Foundry St
Area Millville City
Subdivision NONE AVAILABLE.
City Millville
County CUMBERLAND-NJ
State NJ
Zip Code 08332
Senior Community No

Amenities

Is Waterfront No

Interior

Heating Forced Air
Cooling None
Fireplace No
Stories 2

Exterior

Exterior Frame
Construction Frame
Foundation Stone
Other Structures 10000001172,10000001174

School Information

District MILLVILLE BOARD OF EDUCATION

Additional Information

Date Listed June 5th, 2025
Days on Market 51
Zoning RES
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?