$539,900

102 Sitgreaves Street #0

Phillipsburg Town NJ, 08865

Description

Amazing 15% Cap Rate! This incredible opportunity in the Town of Phillipsburg is the ideal property for any savvy investor with one bedroom apartment plus 12 separate room rentals and a commercial space! The rooms are rented through a state program that pays the rent directly to you! The downstairs commercial space could easily be rented as a diner type location or modified into an office. The building also has a basement which would be the perfect place to add coin operated laundry to increase the revenue to this already profitable investment! The rooming house has been inspected by the state, maintained well by the current owner and is the investment you have been waiting for! Their are also an additional 3 building lots that could be negotiated into the sale! See this one today!

Details

MLS#3534995
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site202

Features

SQ Feet5,268
Story(s)3
Units14
ZoningR50

Additional Information

Annual Tax Amount11994
Assesed Tax Valuation301300
Tax ID3.981
Tax Rate2018

Loading Form

Loading Form

Area Information

StateNJ
CountyWarren
CityPhillipsburg Town
Zip Code08865
AreaWarren
Listing VS Median (in 08865)
Price:
$539,900
low | high
Med:
$167,000
100% of Average
SqFt:
5,268
low | high
Med:
0
100% of Average
$ / SqFt:
$102
low | high
Med:
$0
100% of Average
On Site:
202
low | high
Med:
14
100% of Average
Listing Updated: 09/17/2019
MLS Number: 3534995
Listing Provided By:
FREEBY JASON  of  KELLER WILLIAMS REAL ESTATE