160 Main St - Apartments FOR SALE


Hackettstown, NJ 07840
$900,000 USD
646-408-8024
160 Main St, Hackettstown, NJ for Sale
$900,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

160 Main St
Hackettstown, NJ 07840


HIGHLIGHTS

  • Walkable to Train Station
  • Desirable Central Main St Location
  • Room to Raise Rents/No Rent Control in Hackettstown
  • Huge Apartments with High Ceilings
  • Possible to Increase the Amount of Units
  • Pubic Water and Public Sewer

OVERVIEW

Fully rented mixed use 8400 SF building in the heart of Hackettstown. Huge brick building with high ceilings and tremendous apartment rental upside. Currently 4 very large apartments across two floors and one rented retail on the ground floor. There are 3 Three BR/1 BA apartments and 1 Two BR/1 BA apartment. The current rents are significantly under market. The property is ideally situated, walking distance from the train station and is central to Hackettstown's Main St/Downtown area. Rehab the existing apartments and improve rents or look to turn it into 6-8 smaller apartments in the future depending on your goals. Landlord pays for Water/Sewer, Tenants Pay for all other utilities. Property has a hard wired fire alarm system. Hackettstown is home to M&M Mars Corporation, Hackettstown Memorial Hospital, Centenary University and 160 Main St. is a .5 mile walk to the train station that connects to NJ Transit Train/NYC 160 Main St. is ideal for any investor looking for a value add opportunity in a thriving residential market.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

5

PRICE/UNIT

$180,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use w/ High CAP Upside in Hackettstown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

TCC

APN/PARCEL ID

08-00075-0000-00003

ASK ABOUT THIS PROPERTY

Marc WeitzFairclough RealtorsMore Info
646-408-8024

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Marc WeitzFairclough RealtorsMore Info
646-408-8024

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