9 days on rocket

79 Penn St, Penns Grove, NJ, 08069

$219,900

Home List Price

$2,611*

Closing Credit

0 Baths
3,033 SqFt
$73/SqFt
Multi
Schools Nearby

Location

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79 Penn St, Penns Grove$219,900

Buyer Closing Credits

$2,611*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1940
HeatingForced Air
CoolingNone
BasementYes
MLS #NJSA2010778
Lot Size0.14 Acres
StatusActive
(ACTIVE)

About 79 Penn St

Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1940
  • Living Area: 3,033 SqFt

Listing Office:

  • Office Name: Lamb Realty
  • Office Phone: (856) 589-8100
  • Listing Agent: Robert J Sapienza Jr.

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Penns Grove High School, Public District Grades 9-12
  • Penns Grove Middle School, Public District Grades 6-8
  • P. W. Carleton School, Public District Grades 4-5

Other

Directions Information:

  • Directions: Penn Street

Municipality:

  • Penns Grove Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $219,900
  • Price Per SqFt: $73/SqFt
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Housing Market Comparison

See how this home compares to others in Penns Grove, NJ.

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Penns Grove, NJ

City

Med. Sold Price

$201.5K

Med. Price/SqFt

$157

Avg. Days On Market

69

# of Sold Homes

7

79 Penn St vs Penns Grove

9 DAYS ON ROCKET

-60 Days

$219,900

+$18.4K More

$73/SqFt

-$84 Less

KEY TAKEAWAY

This property is $18.4K more than the Median Sold Price and $84/SqFt less than other homes in Penns Grove, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJSA2010778

Listing Office:

  • Office Name: Lamb Realty
  • Office Phone: (856) 589-8100
  • Listing Agent: Robert J Sapienza Jr.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,165

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5802580
3
/10

  • P. W. Carleton School

  • 251 E Maple Ave

  • 1.07 miles

  • Public District Grades 4-5

Middle School

school-card-donut-5802581
2
/10

  • Penns Grove Middle School

  • 351 E Maple Ave

  • 1.11 miles

  • Public District Grades 6-8

High School

school-card-donut-5802582
3
/10

  • Penns Grove High School

  • 334 Harding Hwy

  • 1.54 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,268. The majority of Penns Grove, NJ residents have income between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Salem County›Penns Grove›08069›79 Penn St

This home is located at 79 Penn St in Penns Grove, NJ and zip code 08069. This 3,033 square foot home, which was built in 1940, sits on a 0.14 acre lot. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $219,900.

While more than 3 listings in Penns Grove, NJ in April 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. The inventory of homes for sale in Penns Grove, NJ between March 2024 and April 2024 decreased by 8.1%. In April 2024 median list price was $201,500 and the average listing age was 69 days.

From Rocket Homes Real Estate and based on county public records data.

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