For Sale 18 Cooper Dr, Somers Point, NJ, 08244
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18 Cooper Dr, Somers Point, NJ, 08244
$450,000
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Adelaide Misal
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Mobile:
609-204-4084 -
Office
609-391-1330
- listing #: 593041
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- Buyer Agent Compensation: N/A
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This spacious side-by-side duplex at 18 Cooper Drive presents an excellent investment opportunity or a chance for an owner-occupant to offset their mortgage by renting one side. The property features two well-maintained units, each offering 2 bedrooms and 1 bathroom, perfect for both investors and buyers seeking rental income potential. Unit 1 (Rented): Tenant has been in place for 10+ years, with a lease set to expire on March 30th, 2025. After this, the tenant will be on a month-to-month basis. Currently rented for $1,650/month, with the tenant willing to sign a new lease if desired. Tenant pays electric, gas, and water utilities. Unit 2 (Vacant): Recently remodeled with a new kitchen, updated countertops, freshly painted interior, and new flooring. Market rent for this unit is approximately $2,000/month. Tenant pays electric, gas, and water utilities. Additional Features: New Roof installed in Summer 2023. Annual Operating Costs: Sewer: $770 per year (paid by the owner). Insurance & Taxes: Paid by the owner. Separate Utilities: Each unit has its own electric, gas, and water meters. Investment Potential: Total Possible Annual Income: $43,800. Unit 1: $1,650/month Unit 2: approx. $2,000/month. Licensed Agent is related to Seller.
| Total Rooms | |
| Full Bath | 0 |
| # of Stories | |
| Year Build | 1970 |
| Lot Size | |
| Tax | 7524.00 |
| SQFT |
| OutsideFeatures | Deck, Fenced Yard |
| OtherRooms | Dining Room, Kitchen, Living Room |
| Heating | Forced Air, Gas-Natural |
| HotWater | Gas |
| Sewer | Public Sewer |
| Bedrooms | 0 |
| Half Bath | 0 |
| # of Stories | |
| Lot Dimensions | |
| # Units | Duplex |
| Tax Year | 2024 |
| Area | Somers Point City |
| ParkingGarage | None |
| Basement | Crawl Space |
| Cooling | Wall Units |
| Water | Public |
