tomo logo

$150,000

Beds
3
Baths
1.5
sq ft
1,750

2 Main St, Pennsville, NJ 08070

2 Main St

PENNSVILLE, NJ 08070

  • Pending
Incredible income-generating opportunity! This rental property, which has long-term tenants, is available for purchase with a current lease in place until January 31, 2026. The house features 3 bedrooms and 1.5 baths, along with a walk up attic and full basement. Additionally, the property includes a 3-bay garage with a second floor rental unit consisting of 2 bedrooms & 1 bath (this will require full renovation). Situated on the corner of Main Street and South Broadway, this commercial business zoned property also comes with a sign registered as a billboard (previously used for advertising the Riverview Inn), which could provide extra income. While the property is being sold in as-is condition, the current lease, certificate of occupancy, and security deposit will be transferred to the new owner. This is a great opportunity for business-minded investors looking to create multiple streams of income!

Details

Property type

Single Family Residence

Est. home value

$206,326

Lot size

0.24 acres

Price per sq ft

$86

Year built

1900

Annual property taxes

$6,907

HOA

No

Price History

04/03/2025
Bright

Bright #NJSA2014316

Pending
$150,000
04/01/2025
Bright

Bright #NJSA2014316

Listed
$150,000
+51.52%
12/21/2021
Bright

Bright #NJSA2001070

Sold
$99,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PENNSVILLE TOWNSHIP PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$76,663
Asking price
$150,000
Closing costs (~8% of asking)
-$12,000
Est. remaining loan balance
-$61,337
Cash to seller
$76,663

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pennsville National Bank

Loan start date

December 2021

Original loan amount

$74,250

Est. remaining balance

$61,337

Interest rate

2.35%

Loan type

New Conventional, 16 year

Seller

Glendon Rollo and Christine Rollo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Pending/Under Contract

Tomo last checked: 04/04/2025 at 7:35 AM

Listing updated: 04/03/2025 at 5:16 PM

Listed by: Wendy Sparks, EXP Realty, LLC Phone #: (866) 201-6210

MLS: Bright #NJSA2014316

Bright logo

Recently listed in PENNSVILLE

$335,000|3 bd|2.0 ba|House
$225,000|3 bd|1.5 ba|House
$300,000|4 bd|1.0 ba|House
$225,000|3 bd|1.5 ba|House
$289,900|3 bd|1.0 ba|House
$215,000|2 bd|1.0 ba|House
$625,000|5 bd|3.5 ba|House
$139,900|1 bd|1.0 ba|House
$254,000|3 bd|2.0 ba|House