1-3-5-7 Memorial Parkway
Phillipsburg Town, NJ 08865
Price: $695,000
GSMLS: 3925089Type: Multi-Family
Style: 2-Two Story, Under/Over
Total Units: 4
Beds: 9
Baths: 7 Full
Garage: No
Year Built: Unknown
Acres: 0.14
Property Tax: $14,169
Description
Looking For A Solid Investment In A Prime Location? This Fully Leased 7-unit Multi-family Gem Is Minutes Away From Phillipsburg Shopping, Easton's Upscale Restaurants And Annual Vibrant Themed Festivals, Making It A Hotspot For Tenants! With An Impressive 8.52% Cap Rate And An 11.9% Grm, This Property Offers Incredible Income Potential. Each Of The 7 Units Boasts Cozy Living Spaces With Plenty Of Charm. Plus, The Tenants Stay An Average Of Over 5 Years! That's Stability You Can Count On. Located On A Corner Lot With Convenient Private Off-street Parking, Making It Even More Attractive To Renters. Whether You're A Seasoned Investor Or Just Starting Out, This Property Checks All The Boxes. With Public Transportation, Major Highways, And Lafayette College In Easton Nearby, This Location Can't Be Beaten. Plus, With The Potential For Dscr Loan Qualification, The Financing Options Are Appealing. Don't Miss Out On This Great Investment Opportunity! Ask Your Realtor Today To Schedule A Tour To See This Incredible Positive Cash-flowing Property!
General Info
Style:
2-Two Story, Under/Over
SqFt Building:
n/a
Total Rooms:
25
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
Corner, Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Common, Crushed Stone, Off-Street Parking, On-Street Parking
Spaces Available:
8
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Attic, Eat-In Kitchen, Laundry Room, Living Room, Master Bedroom, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Living Room, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Eat-In Kitchen, Living Room, Master Bedroom, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Attic, Eat-In Kitchen, Living Room, Master Bedroom, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Utilities
Heating:
4+ Units, Baseboard - Hotwater, Multi-Zone
Heating Fuel:
Gas-Natural
Cooling:
Ceiling Fan
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Garbage Included
School Information
Elementary:
PHILIPSBRG
Middle:
PHILIPSBRG
High School:
PHILIPSBRG
Community Information
County:
Warren
Town:
Phillipsburg Town
Neighborhood:
n/a
Financial Considerations
List Price:
$695,000
Tax Amount:
$14,169
Land Assessment:
$48,300
Build. Assessment:
$289,400
Total Assessment:
$337,700
Tax Rate:
4.20
Tax Year:
2023
Listing Information
MLS ID:
3925089
List Date:
09-20-2024
Days On Market:
0
Listing Broker:
KELLER WILLIAMS REAL ESTATE
Listing Agent:
Richard Shafer
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: GlenmontCommons.com
