124 E Groveland Dr Somers Point, NJ $ 524,999
124 E Groveland Dr
$ 524,999
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124 E Groveland Dr

Somers Point, NJ, 08244
$ 524,999
Baths0.0

Monthly Estimate*

$ 3,489

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Studio

Multi-Family Home for sale in Somers Point, NJ

for $524,999.

Opportunity to become a home owner and offset your mortgage with a second income producing unit! Don't miss out on this great opportunity ! First rental rate in this market is $2500 per month and the second floor value is $1500 per month in this rental market ... This duplex is located right over the bridge from Ocean City and Longport close to the bay and meadow in Somers Point ..close to restaurants, local beaches, shopping and more. The seller legally separated the all the utilities....the first floor features three bedrooms and one full bath with an amazing front sunroom that over looks the bay and meadow.. There was a yearly tenant in this unit the lease just ended and it is now empty ...the second floor features one large bedroom that could be separated and made into two bedrooms, one full bath with bay and meadow views, this unit is tenant occupied the tenant is paying $1100 per month plus utilities ... Make this your vacation getaway, air B and B or your permant address ..call today to show . Amazing rental history!!

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Multi-Family Active

Price

$ 524,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Town/City

Somers Point

County/Region

Atlantic

MLS | Web ID

582362

Features
Exterior
Exterior Vinyl
Driveway Blacktop
Lot 6
Lot Dimensions 47 x 175
Separate Meters Cable TV Electric Gas Heat Hot Water Sewer Water
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General
Water Public
Sewer Public Sewer
Heating Forced Air
Appliances Dishwasher Dryer Gas Stove Refrigerator Washer
Status Active Active
Class MULTI-FAMILY
Type Duplex
Tax Year 2023
Garage None
Waterfront No
Area Somers Point City
Taxes 8100
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Interior
Basement Partial
# of Units 2
Air Conditioning Ceiling Fan(s) Window Units
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* Excluded Features
List By
Bhhs Fox And Roach-Simpson Oc

Broker

Affordability Calculator

$3,489
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,489
Monthly Property Taxes
--
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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THE TIME TO SELL IS NOW!
Nearby
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/7/2024$524,999 0.00% Price Down
5/28/2024$525,000 -4.55% Price Down
5/7/2024$550,000 -2.65% Price Down
4/9/2024$565,000 -1.74% Price Down
2/20/2024$575,000 Listed Price

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124 E Groveland Dr, Somers Point, NJ, 08244 is a Multi-Family Home for sale at $524,999. 124 E Groveland Dr is a studio with 0.0 baths. The property's zip code is 08244 which is in Somers Point, NJ