354 South Main Street
Whartonugh, NJ 07885
#24021309
Description
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with two separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with four renovated apartments and an office space with full kithchen and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add three additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. Potential to 8 units and gross income of $220,000!
Construction Details
- StyleRes/Com Mixed
- Property TypePurchase
- SubstyleOthr/Apt
Condition
- Year Built1900-1939, Renovated, 2020's
Community and Neighborhood Details
- CountyMORRIS
Financial Details
- Taxes Annual$20,230
Other
- MLS #24021309
Location
Legal
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Lisette Cintron are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 01/09/2023
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Last Updated: . Source: NJMLS
Listing Courtesy
Listing Agent: Mohamad Sankar (#1010791), Phone: (973) 261-3995
Listing Office: Keller Williams Village Square Realty - Wyckoff (#2758)