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Fahey Realtors
61 Claremont Road
Bernardsville, NJ 07924
Phone: (908) 204-0600
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$1,299,000 For Sale

141-147 Main Street
Metuchen Boro, NJ 08840

6 units |

lot: 15246 sq ft
Commercial: Apartment Complex - MLS# 3440378
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Description

Great Investment Property- 6 Unit multi family apartments recently renovated and zoned condo. Two units/ 3 bedroom & four are spacious 2 bedroom units. ALL utilities are separate!Full kitchens in each Each building has full basement with laundry facilities. 19 car parking spots! Cap rate potential over 6%. Total square footage of both buildings is approx 6400 sq ft. All units are currently rented ~ Financial statements are available upon request.

Features

  • Approximate Lot Size: 15260
  • Basement: Unfinished, Walkout Yes
  • Color of Building: brick
  • Construction: Brick/Block
  • Cooling: Wall A/C Unit(s)
  • County/Area: Middlesex County
  • Directions: Main Street in downtown Metuchin ~ Units 141-147
  • Equipment Available: Smoke Detector, Kitchen Area, Fire Alarm
  • Exterior Description: Brick/Block
  • Floors: Wood
  • For Sale Or Lease: For Sale
  • Fuel Type: Electric, Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Listing Status: Active
  • Location: Freestanding, Residential Area
  • Lot Identifier: 27
  • Lot Size: 0.3500
  • Num 2 Bdrm Units: 4
  • Num 3 Bdrm Units: 2
  • Num Apts: 6
  • Num Units w/Full Bath: 6
  • Number of Lavatories: 6
  • Number of Stories: 2
  • Parking/Driveway Description: Parking Lot-Exclusive, Blacktop, Common, Fencing
  • Permitted Use: MULTI FAMILY ~ ZONED CONDO
  • Primary Property Type: Apartment Complex
  • Property Type: Commercial
  • Renovated Year: 2016
  • Roof Description: Asphalt Shingle
  • Sale Includes: Building & Land
  • Services: Cable TV Available
  • Sewer: Public Sewer
  • Sub Type: Apartment Complex
  • Tax Amount: $28,210
  • Units: 6
  • Utilities: Gas-Natural
  • Utilities Paid By: Tenant
  • Water: Public Water
  • Year Built: 1950
  • Zip Code: 08840
  • Zoning: condo
  • Zoning Compliance: Yes