$695,000
For Sale

1 Memorial Parkway

Phillipsburg Town, NJ 08865
9 beds | #3925089
Browse 95 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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. To top it off, over $50,000 in improvements have been made in the last two years, including a new roof and the replacement of two boilers. 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!

  • Interior Details
      • InteriorCarbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
    • Heating & Cooling
      • Heating4+ Units, Baseboard - Hotwater, Multi-Zone
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms9
  • Property Details
      • Exterior FeaturesCurbs, Sidewalk, Storm Door(s), Storm Window(s)
      • Exterior MaterialsVinyl Siding
    • Parking
      • Parking FeaturesCommon, Crushed Stone, Off-Street Parking, On-Street Parking
  • Construction Details
      • Property TypeMulti-Family
      • Basement DescriptionUnfinished
      • BasementYes
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • ServicesCable TV Available, Garbage Included
      • Utility FeaturesElectric, Gas-Natural
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Water HeaterGas
  • Community and Neighborhood Details
      • Elementary SchoolPHILIPSBRG
      • Middle SchoolPHILIPSBRG
      • High SchoolPHILIPSBRG
  • Other
      • MLS #3925089

Location

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The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Last Updated: . Source: GSMLS

Listing Courtesy
Listing Agent: RICHARD SHAFER (#397629), Phone: (908) 751-7750
Listing Office: KELLER WILLIAMS REAL ESTATE (#4886)

Lisette CintronReal Estate Group
$
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Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
$0.00

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    The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
    State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
    IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

    Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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