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848 River Rd

Hillsborough Twp., NJ 08844
  • $699,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 3789785
UPDATED: 39 min ago
$699,000
  • 7
    BEDS
  • 1.93
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1880
County:

School Information

Middle School:
High School:

Description

Beautifully updated and well maintained 3 family home in lovely Hillsborough. Each unit has updated kitchens with hardwood cabinets, granite counters and SS appliances. Additionally, each unit has a W/D in unit! Brand new electric panel, boiler and HWH as well as a new roof. This is a truly turn key operation! Long term tenants who wish to stay. Current gross income of $82,200 with a cap rate of 7.88% at asking price. This opportunity does not come around often if ever. Property located in flood zone.

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Garden State MLS logo © 2022 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 2022-08-13T22:46:40.557.
www.kayplatinumgroup.com/homes/129933270
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848 River Rd Hillsborough Twp., NJ 08844

  • Price: $699,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 39 min ago
  • MLS #: 3789785
7
Beds
5
Baths
0
½ Baths
1.93
Acres
1880
Built
County:
Somerset
Area:
Hillsborough Twp.
Middle School:
Hillsboro
High School:
Hillsboro
Property Description
Beautifully updated and well maintained 3 family home in lovely Hillsborough. Each unit has updated kitchens with hardwood cabinets, granite counters and SS appliances. Additionally, each unit has a W/D in unit! Brand new electric panel, boiler and HWH as well as a new roof. This is a truly turn key operation! Long term tenants who wish to stay. Current gross income of $82,200 with a cap rate of 7.88% at asking price. This opportunity does not come around often if ever. Property located in flood zone.
Exterior Features

Approximate Lot Size 1.9300 Color Of Building Beige Exterior Description Vinyl Siding Exterior Features DeckOutbuilding(S) Garage Description Detached Garage Lot Description Wooded Lot Number Of Parking Spaces 6 Parking Driveway Description 1 Car WidthBlacktop Roof Description Flat

Interior Features

Basement Yes Basement Description FullUnfinished Cooling Window A/C(S) Heating 1 UnitBaseboard - HotwaterMulti-Zone Interior Features Carbon Monoxide DetectorFire Alarm SysFire ExtinguisherSmoke DetectorTile FloorsVinyl-Linoleum FloorsWood Floors Total Number Of Rooms 17 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerMicrowave OvenRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 1 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenFamily RoomLaundry RoomPorch Unit1 Rooms 8 Unit1 Security Deposit 3975 Unit1 Sq Ft 1500 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerMicrowave OvenRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit2 Baths 2.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLaundry RoomLiving/Dining Room Unit2 Rooms 6 Unit2 Sq Ft 1000 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLaundry RoomLiving/Dining Room Unit3 Rooms 4 Unit3 Sq Ft 900

Property Features

Assessment Total 432400 Building Assessment 257100 Easement No Exclusions Personal Property Expenses Include UtilitiesInsuranceMaintenanceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 82200 Home Warranty No Land Assessment 175300 Net Operating Income 55128 Renovated Year 2021 Services Cable Tv AvailableGarbage Extra Charge Sewer Septic Tax Amount 11886 Tax Rate Amount 2.348 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 27072 Unit Style 3-Three Story Unit1 Lease Expiration 2023-02-28 Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 2650 Unit2 Handicap Modified No Unit2 Lease Expiration 2023-05-31 Unit2 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit2 Rent 2200 Unit2 Security Deposit 3150 Unit3 Handicap Modified No Unit3 Lease Expiration 2023-08-31 Unit3 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit3 Rent 1900 Unit3 Security Deposit 2850 Utilities ElectricGas-Natural Water Well Water Heater Gas Year Built Description Approximate

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Weichert Realtors.


Garden State MLS logo © 2022 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 2022-08-13T22:46:40.557.
 
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