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    1 Memorial Parkway

    Phillipsburg Town, NJ 08865
    • $525,000
    • STATUS: Active
    • ON SITE: 24 Days
    • MLS #: 3742180
    UPDATED: 77 min ago
    $525,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,200
      SQFT
    • $73
      $/SQFT
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Excellent location at the edge of town and route 22. Charming apartments here have excellent rental history. Who's ready for a nice 8% CAP Rate? Here is a great money-maker in an excellent location. This property has been maintained quite well but still has further to go, if you want to add more value and increase some rents as units open up. Tenants enjoy living in this neat spot at the edge of town; very convenient to walk to parks and some shops from here. Downtown Phillipsburg now has a south Main St. Alliance that is focused on improving the quality of life and downtown streetscapes. In this market it's tough to find really excellent cash-flowing investments. Look no further - here is the perfect jewel to buff and add value to your real estate portfolio!

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    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Kay Platinum Real Estate Group | EXP Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-10-17T11:46:40.39.
    www.kayplatinumgroup.com/homes/121687944
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    1 Memorial Parkway Phillipsburg Town, NJ 08865

    • Price: $525,000
    • Status: Active
    • Updated: 77 min ago
    • MLS #: 3742180
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    7,200
    SQFT
    $73
    $/SQFT
    1940
    Built
    County:
    Warren
    Area:
    Phillipsburg Town
    Property Description
    Excellent location at the edge of town and route 22. Charming apartments here have excellent rental history. Who's ready for a nice 8% CAP Rate? Here is a great money-maker in an excellent location. This property has been maintained quite well but still has further to go, if you want to add more value and increase some rents as units open up. Tenants enjoy living in this neat spot at the edge of town; very convenient to walk to parks and some shops from here. Downtown Phillipsburg now has a south Main St. Alliance that is focused on improving the quality of life and downtown streetscapes. In this market it's tough to find really excellent cash-flowing investments. Look no further - here is the perfect jewel to buff and add value to your real estate portfolio!
    Exterior Features

    Approximate Lot Size .137 ACRE Construction Wood Exterior Description AluminumBrick Location Business DistrictFreestandingResidential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description GravelOff-Street ParkingParking Lot-Shared Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Full Cooling Window A/C(S) Equipment Available Refrigeration Unit Heating Radiators - Hot Water Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 0

    Property Features

    Expenses Include Gas/OilInsuranceMaintenance - ExteriorProperty ManagementSnow RemovalTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 67860 Lease Includes Building InsuranceBuilding MaintenanceGasHeatSewerTaxesTrash RemovalWater Net Operating Income 41400 Owner Pays GasHeatHot WaterRepairsSewerSnow RemovalTrash RemovalWater Primary Property Type Apartment Complex Prior Use Residential Rentals Property Type Apartment Complex Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 13649 Tax Rate Amount 4.042 Tax Rate Year 2020 Tax Year 2020 Tenant Pays Electric Total Operating Expense 26466 Utilities Gas-Natural Water Public Water Year Built Description Approximate Zoning Residential

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Free Bridge Realty, Llc.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Kay Platinum Real Estate Group | EXP Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-10-17T11:46:40.39.
     
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    Kay Platinum Real Estate Group | EXP Realty
    966 Shoppes Blvd
    North Brunswick Township NJ, 08902