Properties

Description

Rare opportunity to acquire two adjoining parcels offered together in prime Riverfront Redevelopment area of Phillipsburg, NJ, featuring scenic views of the Delaware River & Easton skyline. This income-producing investment offers a compelling 9.75% pro forma cap rate and projected annual NOI of $120,000, with a projected expense ratio below 20%.The portfolio includes eight units:two 1-bedroom apartments, five 2-bedroom apartments, and one commercial unit w/ patio&deck, plus a garage-sized storage space that has never been leased. 3 units are occupied by long-term tenants, 3 of the 4 brand-new units are available for lease, and one recently vacated unit is undergoing renovations in preparation for relisting providing additional income potential. Recently renovated throughout, the properties offer a turnkey investment opportunity with no major capital improvements anticipated. Separate utilities allow tenants to pay their own gas and electric, helping minimize owner expenses and maximize operating efficiency. Enjoy a highly desirable location just a 10-minute walk from downtown Easton, PA, with access to its restaurants, shops, entertainment, and vibrant riverfront atmosphere. Combining attractive projected returns, diversified rental income, newly renovated units, and picturesque waterfront surroundings, this offering is an outstanding opportunity for investors seeking immediate income and future upside. Both 30 N. Main Street and 26 N. Main Street must be purchased together.

Features

  • Heating System : 4+ Units, Baseboard - Hotwater, Forced Hot Air
  • Cooling System : Central Air, See Remarks, No Cool
  • Basement : Unfinished, Storage, Bilco-style Door
  • Roof Deck : Flat, Rubberized
  • Furnished : Tile, Wood, Carpeting, Laminate, Vinyl-linoleum
  • Lot Description: Lake/Water View, Waterfront
  • Tax Assessed Valuation: 115500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: RE/MAX SUPREME
  • Office MLS ID: 2001
  • Agent ID: 408998
  • Tax: 5399
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: B-1

Commercial For Sale

For Sale
$1,250,000

30 N Main St, Phillipsburg Town, *

  • SQFT 0.04 Acre
  • Built Year 1900

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5468885
  • Price: $1,250,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Unknown
  • Lot Area: 0.04 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Warren
  • City Phillipsburg Town
  • Zipcode *
  • Street: N Main St
  • Street Number: 30
  • Street Direction: From PA free bridge go L. Bldgs (26&30) on R.
  • Floor Number: 0
  • Longitude: W76° 47' 51.9''
  • Latitude: N40° 41' 34''
  • Internet Display Address: Yes
Property