HOUSEHUNT

517 S PENNSVILLE AUBURN ROAD
PENNS GROVE, NJ 08069

0
bed
0
bath
$2,500,000
price

517 S PENNSVILLE AUBURN ROAD
PENNS GROVE, NJ 08069

0
bed
0
bath
$2,500,000
price
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Description
Welcome to the new jersey opportunity zones! The opportunity zones program was enacted as part of the 2017 federal tax cuts and jobs act and is designed to drive long-term capital investments into low-income rural and urban communities. This federal program provides opportunities for private investors to support investments in distressed communities through participation in qualified opportunity funds. Investors can defer paying federal taxes on capital gains reinvested in qualified opportunity funds that invest in low-income communities, under rules released by the u. S. Department of the treasury. Reinvested capital gains are deferred from taxation until exit from a qualified opportunity fund or december 31, 2026, whichever comes first. However the original gains reinvested in qualified opportunity fund investments held for the long term are taxed at reduced rates, with taxable gains discounted by 10% at the 5-year mark and by an additional 5% discount at the 7-year mark. Any new gains from qualified opportunity fund investments held for at least 10 years will be permanently excluded from the capital gains tax. Combined with incentives from the state, this program makes doing business in carneys point township the township to choose!
Key Details
Bedrooms: 0
Bathrooms: 0
Sq. Ft.: 0
Lot Size: 11.8000 Acres
Property Type: Land
Features
Listing Agent: Sue Ann Leighty
Broker: Keller Williams Realty - Swedesboro Broker Phone: 8562414343
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Down Payment Amount
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Mortgage Payment$23,416.34
Copyright © 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Neighborhood Info
PENNS GROVE - 08069
The vacancy rate of homes in 08069 is 7.66% with 52.32% of homes being owner-occupied. The median household income in 08069 is $45,027 per year with those between 25 and 44 having the highest median income at $54,962.
Schools Near 517 S PENNSVILLE AUBURN ROAD PENNS GROVE, NJ 08069
Rating School Name Type Grade Distance
1
Penns Grove High School Public 9-12 2.65 mi
0
Penns Grove Middle School Public 6-8 2.61 mi
0
Paul W. Carleton Elementary School Public 4-5 2.59 mi

More schools in PENNS GROVE
Neighborhood Demographic
Demographic in PENNS GROVE - 08069
$45,027
Median Income
2.534
Avg Household Size
38.21
Median Age
24%
White Collars
31%
College Grad