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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.

Features

Heating System : Baseboard - Electric
Cooling System : No Cool
Basement : Partial
Roof Deck : Asphalt Shingle
Lot Description: Level Lot
Tax Assessed Valuation: 750000
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Electric, Gas-Natural

Additional Info

Office Name: RE/MAX COMPETITIVE EDGE
Office MLS ID: 284103
Agent ID: 282659
Tax: 14373
Tax Year: 2022
Application Fee: $0
Zoning: DB

Commercial For Sale

For Sale

$1,199,000

2 Mine St, Flemington Boro, *

0.11 Acre

Details

Property Type: Commercial
Listing Type: For Sale
Listing ID: 5302911
Price: $1,199,000
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 0
Year Built Description: Unknown
Lot Area: 0.11 Acre
Status: Active
Days On Market: 4

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Hunterdon
City Flemington Boro
Zipcode *
Subdivision: Downtown Main St
Street: Mine St
Street Number: 2
Street Direction: Corner of Main St & Mine St
Floor Number: 0
Longitude: W75° 8' 27.8''
Latitude: N40° 30' 31.7''
Internet Display Address: No