102 Sitgreaves Street

    Phillipsburg Town, NJ 08865
    • $539,900
    • STATUS: Active
    • ON SITE: 141 days
    • ID#: 3534995
    UPDATED: 10 min ago
    $539,900
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,268
      SQFT
    • $102
      $/SQFT
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    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!

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    © 2019 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-07-19T10:55:48.453.
    www.seeinsidethehouse.com/homes/92199720

    102 Sitgreaves Street Phillipsburg Town, NJ 08865

    • Price: $539,900
    • Status: Active
    • Updated: 10 min ago
    • ID#: 3534995
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    5,268
    SQFT
    $102
    $/SQFT
    1900
    Built
    County:
    Warren
    Area:
    Phillipsburg Town
    Property 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!
    Exterior Features

    Approximate Lot Size .076 ACRE Construction Wood Exterior Description Aluminum Location Business DistrictCornerResidential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description See RemarksOn-Street Parking Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Full Cooling No Cool Equipment Available AppliancesSmoke DetectorStorage Area(S)Restrooms - PrivateRestrooms - Public Floors Vinyl-Linoleum Heating 2 UnitsRadiators - Hot WaterBaseboard - Hotwater Max Ceiling Height 8 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 4 Office Sq Ft 800

    Property Features

    Available Negotiable Expenses Include Accounting/LegalSnow RemovalTaxesElectricityTrashGas/OilWater/SewerInsurance For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 117972 Net Operating Income 85193 Owner Pays RepairsElectricSewerSnow RemovalHeatTrash RemovalHot WaterWater Permitted Use Currently Used As Rooming House + Commercial Primary Property Type Apartment Complex Prior Use Previous Tavern Property Type Apartment ComplexSee RemarksStore With Apartment Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 11994 Tax Rate Amount 3.981 Tax Rate Year 2018 Tax Year 2018 Total Operating Expense 32779 Utilities Gas-Natural Utilities Paid By Landlord Water Public Water Zoning R50

    Listing information © 2019 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Keller Williams Real Estate.


    © 2019 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-07-19T10:55:48.453.
     
    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809