40.69717 -75.196205

1 Memorial Parkway Phillipsburg, NJ 08865

303707513 40.69717 -75.196205 2412 /listing/303707513-151254587/1-memorial-parkway-phillipsburg-nj-08865 False 0 525000.0 101 3742180 False
  • $525,000
  • 0.14 lot
  • Est payment $2818.31/mo

Property & Neighborhood Info

Courtesy Of FREE BRIDGE REALTY, LLC

Commercial in Phillipsburg Town

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!

Courtesy Of FREE BRIDGE REALTY, LLC
  1. 0.14 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1940
  • Garage: 7.0
  • Floors: 3
  • County: Warren
  • Taxes: $13,649.00
  • Tax Year: 2020
  • Units: 8
  • Zoning: residential
  • MLS Number:3742180

Additional Features

  • Ceiling Height:
    • 0
  • Cooling:
    • Window A/C(s)
  • Equipment:
    • Refrigeration Unit
  • Location:
    • Business District
    • Freestanding
    • Residential Area
  • Number of Docks:
    • 0
  • Roof:
    • Asphalt Shingle
  • Water Source:
    • Public Water
  • Year Built Description:
    • Approximate
  • Basement:
    • Full
  • Door Height:
    • 0
  • Exterior:
    • Aluminum
    • Brick
  • Acres:
    • 0.14
  • Lot Features:
    • Level Lot
  • Parking:
    • Gravel
    • Off-Street Parking
    • Parking Lot-Shared
  • Expenses Include:
    • Gas/Oil
    • Insurance
    • Maintenance - Exterior
    • Property Management
    • Snow Removal
    • Taxes
    • Trash
    • Water/Sewer
  • Heating:
    • Radiators - Hot Water
  • Heating Source:
    • Gas-Natural
  • Sewer:
    • Public Sewer
  • Utilities:
    • Gas-Natural
  • Documents Available:
    • Income & Expenses
  • Easements:
    • No
  • For Sale or Lease:
    • For Sale
  • Gross Income:
    • 67860
  • Lease Includes:
    • Building Insurance
    • Building Maintenance
    • Gas
    • Heat
    • Sewer
    • Taxes
    • Trash Removal
    • Water
  • Lease Info:
    • 1 Year Minimum
  • Owner Pays:
    • Gas
    • Heat
    • Hot Water
    • Repairs
    • Sewer
    • Snow Removal
    • Trash Removal
    • Water
  • Sale Includes:
    • Building Only
  • Tax Rate:
    • 4.042
  • Tenant Pays:
    • Electric
  • Assessment Building:
    • 289400
  • Assessment Land:
    • 48300
  • Cap Rate:
    • 8.00
  • Net Income:
    • 41400
  • Number Of Bays:
    • 0
  • Operating Expense:
    • 26466
  • Ownership Type:
    • Fee Simple
  • Possession:
    • negotiable
  • Suite Num:
    • 0
  • Tax Assessment:
    • 337700
  • Tax Block:
    • 205
  • Tax Property ID:
    • 7
  • Tax ID:
    • 3019-00205-0000-00007-0000-
  • Unit 1 Bed Total Beds:
    • 6
  • Unit 2 Bed Total Beds:
    • 0
  • Unit 3 Bed Total Beds:
    • 1
  • Unit 4 Total Beds:
    • 0
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Tatiana Novack
Tatiana Novack
Associate
101 Landing Road Landing NJ 07850
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