Im a realtor associate here in Vineland - I have a listing in Newfield thats a fixer upper right now you should give me a call n take a look at the comps for that area ! Its right in your price range too!
Have a great day!
Michael Armstrong, PA, GRI
Investment Property Specialist
There's plenty of properties in Penns Grove and Paulsboro that may fit your criteria. These areas are still being developed. You can get good rental income there and the taxes are relatively low. If you do not have access to the MLS you can do a search a http://www.YourNJHomeSearch.com The homes are updated daily. Or call me I could pm you.
You can definitely get a multi-family and/or single family in some parts of Essex and/or Passaic County for that price. It just depends on what type of area you are looking to make an investment in. Please feel free to contact me directly for more information.
Gina Chirico, Sales Associate
Prudential New Jersey Properties
973-239-7700 ext 132