NJ > Phillipsburg Town
Phillipsburg Town, NJ 08865,1-3-5-7 Memorial Parkway
Phillipsburg Town, NJ 08865,1-3-5-7 Memorial Parkway
Phillipsburg Town, NJ 08865,1-3-5-7 Memorial Parkway
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Lisa Baker

Lisa Baker

+1(973) 221-9055
$695,000
Est. payment /mo
9 Beds
7 Baths
6,098 Sqft Lot
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UPDATED:

10/22/2024 06:52 PM

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3925089

Style 2-Two Story, Under/Over

Bedrooms 9

Full Baths 7

Annual Tax Amount $14,169

Tax Year 2023

Lot Size 6,098 Sqft

Property 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!

Location

State NJ

County Warren

Zoning B-1

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

Heating Gas-Natural

Cooling Ceiling Fan

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Parking Type Common, Crushed Stone, Off-Street Parking, On-Street Parking

Building

Lot Description Corner, Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story, Under/Over

Schools

Elementary Schools Philipsbrg

Middle Schools Philipsbrg

High Schools Philipsbrg

Others

Senior Community No

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS REAL ESTATE
Lisa Baker

Agent | License ID: 2186236

+1(973) 221-9055 | lisa.baker@cbrealty.com

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