500 S 8TH ST
VINELAND, NJ 08360

Large duplex on a corner lot waiting to be brought back to life and maxed out for profit. Live in one apartment and rent the other, or rent both out to maximize income. Downstairs is a comfortably sized 3 bedroom unit with a large eat-in kitchen, large living room, and spacious bedrooms. Unit has access interior access to the basement for additional storage. Upstairs is a 1 bedroom unit with a large bedroom, eat-in kitchen, and a sizeable walk-up attic allowing for extra storage. 1st floor is rented for $1,500. 2nd floor is renting for $900. Both units are leased month to month and are currently renting below fair market value. The property could potentially bring in a total of $3,200 in monthly revenue or more. Plenty of space for parking on and off-street and incredibly LOW taxes! This is a legally converted duplex ready for a quick closing. This property also qualifies for down payment assistance from the City of Vineland (subject to availability of funds at the time of applying) of up to $5,000 towards down payment and closing costs for qualified buyers who will be occupying the property as their primary residence. Cash, conventional, or rehab loans only. Being sold in AS-IS condition.

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