28 Oak LnPlumsted, NJ 08533

Property Details for 28 Oak Ln

Year built

1965

Lot size

0.30 AC

Property size (Sq ft)

1,300 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This attractive two-unit duplex in Plumsted, New Jersey, presents a compelling investment opportunity. Located at 28 Oak Ln, New Egypt, 08533, this 1,300 square foot property sits on a 0.298-acre lot and boasts a strong rental history exceeding 17 years. Currently, both units are leased, generating immediate income: Unit A commands $1,500 per month (tenant provides groundskeeping services), while Unit B rents for $1,950 per month. Recent renovations enhance the property's value and appeal, including a new roof, updated bathroom in Unit A, a reverse osmosis water filtration system in Unit B, and a completely rebuilt crawl space with new retaining walls, water heaters, sump pumps, and plumbing. Built in 1965, the property's proximity to McGuire Air Force Base (five miles) ensures a consistent tenant pool. The large front and back yards offer ample parking. The asking price is $440,000, with an occupancy date of January 22, 2025. This turnkey investment is ideal for those seeking immediate cash flow or the option of owner-occupancy. The property offers a blend of established rental income and recent upgrades, promising a strong return on investment.

Location Insight

City

Plumsted

County

Ocean

State

New Jersey

Latitude

40.0575

Longitude

-74.536

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