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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 Commercial MLS# 3932187

Features

Heating System : Baseboard - Hotwater, Baseboard - Electric, See Remarks, 3 Units
Cooling System : 3 Units, Central Air, See Remarks, Window A/c(s)
Basement : Full, Unfinished, Crawl Space
Roof Deck : Asphalt Shingle
Parking : 24
Parking Description: Blacktop, Common, Off-Street Parking, Parking Lot-
Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extingui
Exterior Features: Deck, Open Porch(es), Patio, Storage Shed
Lot Description: Lake/Water View, Open Lot, Wooded Lot
Tax Assessed Valuation: 1401100
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Electric, Gas-Propane

Additional Info

Office Name: TURPIN REAL ESTATE, INC.
Office MLS ID: 009901
Agent ID: 282968
Tax: 45731
Tax Year: 2024
Application Fee: $0
Zoning: R-3

Multi-Family For Sale

For Sale

$2,400,000

31 Arch St, High Bridge Boro, *

2.80 Acre
26
Built Year 1910

Details

Property Type: Multi-Family
Listing Type: For Sale
Listing ID: 5321830
Price: $2,400,000
Bedrooms: 26
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1910
Year Built Description: Approximate
Lot Area: 2.80 Acre
Status: Active
Days On Market: 12

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Hunterdon
City High Bridge Boro
Zipcode *
Street: Arch St
Street Number: 31
Street Direction: Rt 78 to Clinton, Rt. 31 N to R on Rt 513, R on Ar
Floor Number: 0
Longitude: W75° 6' 25.2''
Latitude: N40° 39' 50.8''
Internet Display Address: No