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High Bridge Boro,NJ 08829
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,250 sqft
Price per Sqft $213
MLS Listing ID 3932187
Year Built 1910
Annual Tax Amount $45,731
Tax Year 2024
Lot Size 2.800 Acres
Property Description
An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity. Also see Multi-Family MLS# 3932192
Location
State NJ
County Hunterdon
Zoning R-3
Rooms
Basement Crawl Space, Full
Interior
Heating Electric,OilAbOut
Cooling Central Air, No Cool
Flooring Carpeting, Tile, Vinyl-Linoleum
Equipment Appliances, Exhaust System, Kitchen Area, Restrooms - Private, Smoke Detector, Storage Area(s)
Heat Source Electric,OilAbOut
Exterior
Exterior Feature Vinyl Siding
Garage Spaces 30.0
Utilities Available Electric, Gas-Propane
Roof Type Asphalt Shingle
Building
Lot Description Lake/Water View, Open Lot, Wooded Lot
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple