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 findact now and position yourself for long-term gains!
Presented By: DePalma Realty
Interior Features for 123 W Foundry St
Bedrooms
Bedrooms Count All Upper Levels3
Bedrooms Count Upper Level 13
Total Bedrooms3
Bathrooms
Bathrooms Full Upper Level 11
Bathrooms Full All Upper Levels1
Bathrooms Count Upper Level 11.00
Bathrooms Count All Upper Levels1
Total Baths1
Other Interior Features
LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1128
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
BasementFull, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelOil
Heating Y/NYes
Hot WaterOther
General for 123 W Foundry St
Acceptable FinancingCash, Conventional, Other
AccessibilityNone
Architectural StyleColonial
CityMILLVILLE
Condo/Coop Association Y/NNo
Construction MaterialsFrame
Cool FuelElectric
CoolingNone
CountyCUMBERLAND
DirectionsGPS.
Full Baths1
Garage Y/NNo
HOANo
HeatingForced Air
Levels2
Lot Size Square Feet3100.00
Lot Size UnitsSquare Feet
MLS AreaMillville City (20610)
ModificationTimestamp2025-07-25T17:55:06
MunicipalityMILLVILLE CITY
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG106.38
Property TypeResidential
School DistrictMILLVILLE BOARD OF EDUCATION
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Structure TypeTwin/Semi-Detached
Subdivision NameNONE AVAILABLE.
Tax Annual Amount2476.0
Tax Assessed Value63100.0
Tax Lot00006
Tax Year2024
Total SQFT1128
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1912
Year Built SourceAssessor
ZoningRES
Exterior for 123 W Foundry St
Foundation DetailsStone
InclusionsEverything at the property in as is condition.
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