$1,199,895
825 Rt 57 Greenwich Twp., NJ 08886
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,199,895
Est. payment /mo
4,403 SqFt
UPDATED:
07/11/2024 08:20 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,403 sqft
Price per Sqft $272
MLS Listing ID 3912147
Annual Tax Amount $20,921
Tax Year 2023
Lot Size 1.000 Acres
Property Description
This very unique Mixed-Use property was acquired by its current Owner's over a period of 8 years and who purchased these as three separate parcels that create the sum of the whole, that is now being offered for sale as a complete package. Located on highly visible Route 57 is where you will find the first of these three parcels that consists of a Building with Retail space on the first floor, 3 Bedroom Apartment above and a parking lot that also services the 5 Unit Motel. The second and third parcels share an access Easement along the left side that leads to the two Single Family Homes with the one located to the rear left featuring 2 Bedrooms, full Bath and a basement, while the one to the rear right features 4 Bedrooms, full Bath and 2 car Garage. Seller's represent receiving Gross. Income of $99,600.00, Annual Expenses of $37,728.00, resulting in Net Operating Income of $61,872.00 and a Capitalization Rate of 5.1% at the current asking price.
Location
State NJ
County Warren
Zoning Commerical
Interior
Cooling 1 Unit, Built-In, Central Air
Equipment See Remarks
Exterior
Exterior Feature Brick/Block
Utilities Available See Remarks
Roof Type Asphalt Shingle, Flat
Parking Type Blacktop
Building
Story 2
Sewer Septic
Water Well
Others
Ownership Fee Simple
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Listed by DIANE TURTON REALTORS