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1 Memorial Parkway

Phillipsburg Town, NJ 08865
  • $525,000
  • STATUS: Active
  • ON SITE: 119 Days
  • MLS #: 3742180
UPDATED: 14 min ago
$525,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,200
    SQFT
  • $73
    $/SQFT
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

Excellent location at the edge of town and route 22. Charming apartments here have excellent rental history. Who's ready for a nice 8% CAP Rate? Here is a great money-maker in an excellent location. This property has been maintained quite well but still has further to go, if you want to add more value and increase some rents as units open up. Tenants enjoy living in this neat spot at the edge of town; very convenient to walk to parks and some shops from here. Downtown Phillipsburg now has a south Main St. Alliance that is focused on improving the quality of life and downtown streetscapes. In this market it's tough to find really excellent cash-flowing investments. Look no further - here is the perfect jewel to buff and add value to your real estate portfolio!

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Garden State MLS logo © 2022 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 All Towne Realty. 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 All Towne Realty 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 2022-01-20T20:46:16.53.
www.alltownerealty.com/homes/121687944
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1 Memorial Parkway Phillipsburg Town, NJ 08865

  • Price: $525,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 14 min ago
  • MLS #: 3742180
0
Beds
0
Baths
0
½ Baths
0.14
Acres
7,200
SQFT
$73
$/SQFT
1940
Built
County:
Warren
Area:
Phillipsburg Town
Property Description
Excellent location at the edge of town and route 22. Charming apartments here have excellent rental history. Who's ready for a nice 8% CAP Rate? Here is a great money-maker in an excellent location. This property has been maintained quite well but still has further to go, if you want to add more value and increase some rents as units open up. Tenants enjoy living in this neat spot at the edge of town; very convenient to walk to parks and some shops from here. Downtown Phillipsburg now has a south Main St. Alliance that is focused on improving the quality of life and downtown streetscapes. In this market it's tough to find really excellent cash-flowing investments. Look no further - here is the perfect jewel to buff and add value to your real estate portfolio!
Exterior Features

Approximate Lot Size .137 ACRE Construction Wood Exterior Description AluminumBrick Location Business DistrictFreestandingResidential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description GravelOff-Street ParkingParking Lot-Shared Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Full Cooling Window A/C(S) Equipment Available Refrigeration Unit Heating Radiators - Hot Water Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 0

Property Features

Expenses Include Gas/OilInsuranceMaintenance - ExteriorProperty ManagementSnow RemovalTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 67860 Lease Includes Building InsuranceBuilding MaintenanceGasHeatSewerTaxesTrash RemovalWater Net Operating Income 41400 Owner Pays GasHeatHot WaterRepairsSewerSnow RemovalTrash RemovalWater Primary Property Type Apartment Complex Prior Use Residential Rentals Property Type Apartment Complex Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 13649 Tax Rate Amount 4.042 Tax Rate Year 2020 Tax Year 2020 Tenant Pays Electric Total Operating Expense 26466 Utilities Gas-Natural Water Public Water Year Built Description Approximate Zoning Residential

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Free Bridge Realty, Llc.


Garden State MLS logo © 2022 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 All Towne Realty. 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 All Towne Realty 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 2022-01-20T20:46:16.53.
 
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30 Brant Ave
Clark NJ, 07066