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High Bridge Boro,NJ 08829
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3932192
Style 2-Two Story, Fourplex
Bedrooms 26
Full Baths 12
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 Commercial MLS# 3932187
Location
State NJ
County Hunterdon
Zoning R-3
Interior
Heating Electric,OilAbOut,SeeRem
Cooling 3 Units, Central Air, See Remarks, Window A/C(s)
Exterior
Exterior Feature Vinyl Siding
Utilities Available Electric, Gas-Propane
Roof Type Asphalt Shingle
Building
Lot Description Lake/Water View, Open Lot, Wooded Lot
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Highbridge
Middle Schools Highbridge
High Schools Voorhees