Bought with Kevin P Zimmer • ERA Central Realty Group - Bordentown
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Key Details
Sold Price $428,570
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,604 sqft
Price per Sqft $164
MLS Listing ID NJHT2003472
Style Other
Year Built 1900
Annual Tax Amount $7,288
Tax Year 2024
Lot Size 0.540 Acres
Property Sub-Type Detached
Property Description
Prime Commercial Investment Opportunity
Unlock the potential of this versatile 4-unit commercial property in a prime location! Built in 1900, this 2-story, 2,604 sq. ft. building sits on a generous 0.54-acre lot (23,522 sq. ft.) and is perfect for investors seeking steady income and future growth. Currently fully rented, so only showings for serious investors. This is an estate sale, and executor is not interested in being a landlord. Rents are low for the area. All units are 1 bed. Landlord pays for heat, 2024 oil bill was $2030, 2023 oil was $1885. All units individually metered for electric. Property Insurance $5393/yr. Trash and recycling paid monthly at $321/mo. Water tested and passed November 2024.
Current Rental Income
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Location
Province NJ
County Hunterdon
Area Kingwood Twp (21016)
Zoning AR-2
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Exterior
Utilities Available Propane, Electric Available
Water Access N
Roof Type Asphalt,Shingle
Building
Foundation Block
Sewer Septic Exists
Water Well
New Construction N
Schools
School District South Hunterdon Regional
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339