1 Memorial Parkway

Phillipsburg, New Jersey 08865

  • 9 Bed(s)
  • 7 Bath(s)
  • 0 Sqft
  • 0.14
    Acre(Lot)
$695,000

Description

Looking for a solid investment in a prime location? this fully leased 7-unit multi-family gem is minutes away from phillipsburg shopping, easton's upscale restaurants, and annual vibrant themed festivals, making it a hotspot for tenants! with an impressive 8.52% cap rate and an 11.9% grm, this property offers incredible income potential. each of the 7 units boasts cozy living spaces with plenty of charm. plus, the tenants stay an average of over 5 years! that's stability you can count on. located on a corner lot with convenient private off-street parking, making it even more attractive to renters. to top it off, over $50,000 in improvements have been made in the last two years, including a new roof and the replacement of two boilers. whether you're a seasoned investor or just starting out, this property checks all the boxes. with public transportation, major highways, and lafayette college in easton nearby, this location can't be beaten. plus, with the potential for dscr loan qualification, the financing options are appealing. don't miss out on this great investment opportunity! ask your realtor today to schedule a tour to see this incredible positive cash-flowing property!

  • Property Type

    Multi Family

  • County

    Warren

  • Style

    2-Two Story, Under/Over

  • AD ID

    46978459

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Property Details

  • Interior Features

    • Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

    Utilities

    • Electric, Gas-Natural

    Heating & Cooling

    • Heating: 4+ Units, Baseboard - Hotwater, Multi-Zone
    • Cooling: Ceiling Fan

  • Building Information

    • Construction: Vinyl Siding
    • Roof: Asphalt Shingle

    Exterior Features

    • Curbs, Sidewalk, Storm Door(s), Storm Window(s)

  • Lot Information

    • Lot Dimensions: .137 ACRE
    • Lot Size (Acres): 0.14
    • Corner, Level Lot

  • Listing Information

    • Possession: POT

  • Tax Information

    • Tax ID: 3019-00205-0000-00007-0000-
    • Tax Year: 2023
    • Parcel Number: 3019-00205-0000-00007-0000-
    • Taxes : 14,169

  • Parking Information

    • Open Parking Space: 8
    • Parking Features: Common, Crushed Stone, Off-Street Parking, On-Street Parking

  • School Information

    • Elementary School: PHILIPSBRG
    • Junior High School: PHILIPSBRG
    • Senior High School: PHILIPSBRG

    Utility Information

    • Electric, Gas-Natural
    • Water Source : Public Water
    • Water Heater : Gas
    • SEWER : Public Sewer

    Location Information

    • Direction: From Free Bridge head on N. Main St / Broad St, right on Memorial Pkwy, prop on left. Rt-22 W, take last RH exit before toll bridge, prop on right.
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BuyOwner last updated this listing 11/17/2024 @ 13:34

  • MLS: 3925089
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Garden State MLS - New Jersey

is a Multifamily, with 9 bedrooms which is recently sold, it has 0 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Phillipsburg , in zip code 08865, this Warren County Multifamily are nearby neighborhoods.