514 middlesex street

Gloucester City Duplex available at a great price! 2 beds, 1 bath downstairs, 1 bedroom, 1 bath upstairs. The upstairs is currently rented under market value for 975.00 per month. The downstairs was recently vacated. Market rent for downstairs is 1650.00. Market Rent for upstairs is 1200.00. This would give you a NOI of about 29,000 per year, a great CAP rate! Or, live in the bottom floor while your upstairs tenant pays most of your mortgage! This home features a covered front porch and fenced in backyard. Each unit has a nicely sized kitchen and bathroom.