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Flemington Boro,NJ 08822
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,933 sqft
Price per Sqft $202
Subdivision Downtown Main St
MLS Listing ID 3915280
Annual Tax Amount $14,373
Tax Year 2022
Lot Size 4,791 Sqft
Property Description
Highly Profitable 6 Unit Money Maker! Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60 (P&L Attached). In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year.. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for cash flow.
Location
State NJ
County Hunterdon
Zoning DB
Interior
Heating Electric
Cooling No Cool
Equipment See Remarks
Exterior
Exterior Feature Brick/Block, Wood
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water