2 Mine St - Apartments FOR SALE


Flemington, NJ 08822
$1,199,000 USD
908-581-1834
2 Mine St, Flemington, NJ for Sale
$1,199,000 USD
Apartments - FOR SALE
1/18
null | 8.05% Cap Rate

2 Mine St
Flemington, NJ 08822


HIGHLIGHTS

  • 6 Units: 4 Apartments + 2 Store Fronts
  • Great Corner Location-Amazing Visibility.
  • In the Middle of Flemington Downtown
  • Money Maker: Cap Rate of 8.05
  • Safe, Gentrified Neighborhood.

OVERVIEW

Highly Profitable Money Maker. Gross Rental Income: $132,600. Net Income: $96,600. Cap Rate 8. 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

$1,199,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

-

CAP RATE

8.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C

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.