93 pitman street

Bulk transaction / fix & flip / rental opportunity! Welcome to this solid, 4-bedroom, 2-full-bath colonial residence of approx. 1,500 sq ft, situated on a deep 41×130′ lot in Penns Grove. Built circa 1900, the home features an enclosed sunporch, spacious living and dining rooms, and a large eat-in kitchen on the first floor—complete with new stove, dishwasher, and fresh paint throughout. A main-level bedroom and full bath offer convenience for multi-generational use or rental flexibility. Upstairs, three nice-size bedrooms, an additional full bath, and access to a walk-up attic present excellent expansion potential. Finished elements include vinyl double-pane tilt-out windows and central heat & air; laundry facilities and a walk-in closet add to the practical layout. The partial, unfinished basement is ripe for storage or future development. Outside, enjoy a spacious backyard—ideal for outdoor living or added structures. New sidewalks, curbs, and street paving (2007) enhance the neighborhood, just 2½ blocks from the Delaware River and near future riverfront development. Easy access to I-295, NJ Turnpike, and the Delaware Memorial Bridge. Investor bonus: Tenant in place on a month-to-month lease; sold “as-is” with no warranties—buyer responsible for inspections, CO, and certifications. Strong upside with cosmetic updates and strategic renovation. Recent appraisal at $146K (2006). Historical sale at $84K in May 2022 yields immediate equity; current market estimates around $209K—translation: value-add upside close to $125K on full flip, or long-term rental income $2,200/month. Side utilities by Atlantic City Electric & South Jersey Gas. Zoned residential in Penns Grove-Carneys Point School District.