Active

18 Cooper Dr Dr

Somers Point NJ, 08244

$450,000


Active

Multi-family

Built in 1970

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.

593041

MLS ID

February 11, 2025

Listed

February 21, 2025

Updated

Interior Features

Interior Features

Dining Room, Kitchen, Living Room


Appliances

Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Wall Units


Heating

Yes


Heating Description

Forced Air, Gas-Natural

Exterior/Building Features

Exterior Features

Deck, Fenced Yard


Sewer

Public Sewer

Other Property Details

Area Name

Somers Point City


Taxes

$7,524


Tax Frequency

Annually


Garage

No


Parking

Parking Pad, Two Car


View

No


County

Atlantic


Water Source

Public


Pool

No


Utilities

Electric, Gas, Water

Listed by Giuseppe (Joe) Randazzo, Jr with eXp Realty - Montclair
Listing Contact:  

The IDX display contains information sourced from the South Jersey Shore Regional MLS as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2025 South Jersey Shore Regional MLS all rights reserved.

Data last updated on 2/21/2025 at 3:49 AM UTC

 

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