621 S Main St Phillipsburg Town, 08865
Investment Opportunity on Main Street, Phillipsburg, NJ.Welcome to a prime investment opportunity nestled in the heart of Phillipsburg, NJ, where convenience meets comfort! 4 units each unit has 3 bed/1bath with fully finished attic and unfinished basement. Located right on S Main St, this multifamily property offers unparalleled accessibility to schools, shopping centers, and all the town amenities one could desire.Fully Renovated: This three-story gem boasts modern upgrades throughout, featuring three spacious bedrooms, a sleek bathroom, and a finished attic space that can easily serve as a fourth bedroom or an office/gym/den or multipurpose space. New windows in some of the units, brand new water heater in one of the units. Each unit comes with its own designated parking space. 100% occupied with tenants. Why Invest Here?Cash Flow King: With its fully occupied status and prime location, this property promises a lucrative return on investment, ensuring your money works hard for you.Rare Gem: Opportunities like this don't come often! Seize the chance to own a piece of Main Street real estate, where demand is high and vacancy rates are low.Tax-Friendly: Enjoy the benefit of low real estate taxes, maximizing your profits and minimizing your expenses.Don't miss out on this exceptional investment opportunity that promises both immediate returns and long-term appreciation. Gross annual rental income $97, 500 & only $8000 in taxes!!!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyWarren
- Taxes$8,000
- HOA/Condo/Coop Fees$0
- Days on Site29 Days
- MLS StatusActive Under Contract
- MLS ID Number3900257
- Home Size Source N/A
- Year Built1925
- Lot Size Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Construction Brick
- Parking 1 Car WidthGravelOn- Street ParkingParking Lot- Exclusive
- Basement Unfinished
- Property Sub Type Multi Family
- Attached Garage No
Interior Features
- Cooling Wall A/ C Unit(s)
- Heating Heat Source: Gas- NaturalHeating Type: Cent Register Heat
- Interior BlindsCarbon Monoxide DetectorDrapesFire ExtinguisherSmoke DetectorTile FloorsWalk-In ClosetWood Floors
Exterior Features
- Roof Composition
- Exterior Open Porch(es)