125 Main St - Apartments FOR SALE


Flemington, NJ 08822
$1,199,999 USD
908-581-1834
125 Main St, Flemington, NJ for Sale
$1,199,999 USD
Apartments - FOR SALE
1/18
null | 8.58% Cap Rate

125 Main St
Flemington, NJ 08822


HIGHLIGHTS

  • 6 Unit Bldg ( 4 Apartment + 2 Storefronts).
  • Highly profitable with Gross Rents $135000 & Net Income $103,000
  • Cap Rate 8.60
  • 1 Block from the 100 Room Union Hotel & Courthouse Redevelopment Project.
  • Tenants pay heat, hot water & sewer.
  • Located on the Corner of Main St & Mine St, in the heart of Flemington amongst Cafes & Restaurants.

OVERVIEW

Highly Profitable 6 Unit Money Maker! Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60 (P&L Attached). In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for cash flow.

FOR SALE DETAILS

PRICE

$1,199,999 USD

PRICE/SF

$202 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

8.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

DB

APN/PARCEL ID

09-00036-0000-00019

ASK ABOUT THIS PROPERTY

Nadeem QaviReMax Competitive EdgeMore Info
908-581-1834

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Nadeem QaviReMax Competitive EdgeMore Info
908-581-1834

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