28 Oak Ln New Egypt, NJ 08533
- Residential income homes
- 1,300 SF
- 0.30 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 28 Oak Ln
- Year built
- 1965
- Lot size
- 0.30 lot acres
- Property size
- 1,300 SF
- Property type
- Residential income homes
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plumsted
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.53605
- Latitude
- 40.057488
