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Flemington Boro,NJ 08822
Key Details
Property Type Other Types
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
Rooms
Basement Partial
Interior
Heating Electric
Cooling No Cool
Equipment See Remarks
Heat Source Electric
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
Others
Ownership Fee Simple