$2,400,000

31 Arch St, High Bridge Boro, NJ 08829

  • 26 beds |
  • 12 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon2.8acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

An exceptionally rare investment opportunity in Hunterdon County consists of three residential buildings, each with four units, housing a total of 12 apartments. These well-maintained apartment buildings sit on 2.8 picturesque acres in High Bridge. Currently netting approx. $140k in annual income with the potential for even more, it represents a solid investment with a steady cash flow, long-term tenants, and some below-market rate rentals for an exceptional opportunity. All units have spacious living rooms, expansive and updated eat-in kitchens, full updated baths and a laundry in each unit. Ten units have two bedrooms and two units offer three bedrooms. Four units have full basements. Located in a scenic rural area, the units also offer decks and/or patios and front porches for warm weather enjoyment. Each unit has two spaces for off-street parking, public water and sewer. This central location is minutes to train and bus stations as well as Routes 78, 22 and 31 for commuters. The area also provides a variety of local dining, shopping, recreational activities and top-rated schools, enhancing this unique investment opportunity. Also see Commercial MLS# 3932187

Listing Status:
Pending
Listing Office:
TURPIN REAL ESTATE, INC. : 908-439-3300
MLS ID:
3932192
  • General: Carbon Monoxide DetectorCarpetingFire ExtinguisherSmoke DetectorTile FloorsVinyl-Linoleum Floors
  • Basement: Crawl SpaceFullUnfinished
  • A/C: 3 UnitsCentral AirSee RemarksWindow A/C(s)
  • Heating: 3 UnitsBaseboard - ElectricBaseboard - HotwaterSee RemarksElectricOil Tank Above Ground - OutsideSee Remarks
  • General: Vinyl SidingDeckOpen Porch(es)PatioStorage Shed
  • Parking: Parking spaces: 24
  • Roofing: Asphalt Shingle
  • County: Hunterdon
  • Driveway: BlacktopCommonOff-Street ParkingParking Lot-Shared
  • Zoning: R-31914-00031-0000-00002-0002-
  • Utilities: ElectricGas-Propane
  • Water: Public Water
  • Sewer: Public Sewer

This listing courtesy of TURPIN REAL ESTATE, INC.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

High Bridge Elementary School

40 Fairview Ave, High Bridge, NJ, 08829

Grades PK-5

0.64 miles away

H

High Bridge Middle School

50 Thomas St, High Bridge, NJ, 08829

Grades 6-8

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.