Franklin Boro, NJ 07416,585 State Rt 23
Franklin Boro, NJ 07416,585 State Rt 23
Franklin Boro, NJ 07416,585 State Rt 23
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$575,000
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0.31 Acres Lot
Active

585 State Rt 23 Franklin Boro, NJ 07416

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Gabriel Garces

Gabriel Garces

+1(973) 653-7461

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4003646

Year Built 1930

Annual Tax Amount $13,981

Tax Year 2024

Lot Size 0.310 Acres

Property Sub-Type Mixed Use

Property Description

Prime Income-Producing Investment Opportunity! Don't miss this versatile, fully rented investment property featuring three buildings with a strong mix of residential and commercial income. The property includes three residential units two 1-bedroom with 1 bath apartments and one stand-alone 3-bedroom, 1.5 bath house plus a garage/repair shop with excellent highway exposure. The commercial garage offers three overhead doors, a car lift, office space. Property serviced by natural gas and oil heat, making it ideal for automotive, contractor, or service-based use. Ample off-street parking supports both residential tenants and business operations. All units are fully rented, allowing you to start generating income immediately. Tenants are responsible for all utilities, while the owner covers taxes, snow plowing, and lawn maintenance, keeping expenses straightforward and predictable. Total rent rolls $7,000/month! The stand-alone house and upper residential unit have been recently refreshed/renovated, adding value and tenant appeal. Strategically located on a highway for maximum visibility, this property is also close to shopping, Crystal Springs, and popular ski resorts, increasing long-term rental demand and commercial potential. A rare opportunity to acquire a turnkey, mixed-use investment with multiple income streams in a high-exposure location.

Location

State NJ

County Sussex

Zoning HC2

Rooms

Basement Full, Unfinished, Walkout

Interior

Heating Gas-Natural, Oil Tank Above Ground - Outside

Cooling See Remarks

Flooring Concrete, Laminate, Tile, Wood

Equipment See Remarks, Smoke Detector

Heat Source Gas-Natural, Oil Tank Above Ground - Outside

Exterior

Exterior Feature Concrete, Vinyl Siding

Utilities Available Electric, Gas-Natural, See Remarks

Roof Type Asphalt Shingle

Building

Lot Description Level Lot, Open Lot

Story 2

Sewer Public Sewer

Water Well

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KISTLE REALTY, LLC.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 6
  • 6

    Hardyston Township Middle School

    Public | 5 - 8

  • 5

    Hardyston Township Elementary School

    Public | PK - 4

  • 4

    Franklin Elementary School

    Public | PK - 8

  • 4

    Hamburg School

    Public | PK - 8

  • 0

    Prince of Peace Early Learning Center

    Private | PK - TKG

  • 0

    Immaculate Conception Regional School

    Private | PK - 7

High Schools 1
  • 4

    Wallkill Valley Regional High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Gabriel Garces

Gabriel Garces

Broker | License ID: 1541468

+1(973) 653-7461

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585 State Rt 23