100 Main St - Apartments FOR SALE


Newton, NJ 07860
$874,975 USD
862-354-1822
100 Main St, Newton, NJ for Sale
$874,975 USD
Apartments - FOR SALE
1/14
null | 9% Cap Rate

100 Main St
Newton, NJ 07860


HIGHLIGHTS

  • Partially Sub-Metered Water (3 Units) and Separately Metered Electric
  • Very strong upside potential with minimal needed expense
  • Newton is one of the most consistently in-demand locations for housing as local employment opportunity and commerce continues to grow
  • Showpiece Architectural Style with manicured grounds and wraparound porch
  • New Roof 2022

OVERVIEW

Fairclough Realtors is pleased to offer for sale: 100 Main St. in Newton, New Jersey. The property offers 6 apartments in a center-hall colonial style, with many of the original accents and features retained, such as gliding pocket doors, expansive wrap-around deck and custom oak trim. Matched with massive upside in rents, minimal renovations needed and a desirable location, this property will be very-well placed in any investor’s portfolio. Inquire with Clayton for OM & Financials

FOR SALE DETAILS

PRICE

$874,975 USD

PRICE/SF

$19 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,829

CAP RATE

9%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit Multifamily in the Heart of Newton, NJ

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1840

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,401 SF

ZONING

T-5

APN/PARCEL ID

15-00007-07-00006

ASK ABOUT THIS PROPERTY

Clay PannaschFairclough RealtorsMore Info
862-354-1822

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Clay PannaschFairclough RealtorsMore Info
862-354-1822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.