26 John Ringo Rd - Apartments FOR SALE


Ringoes, NJ 08551
$1,750,000 USD
908-963-5901
26 John Ringo Rd, Ringoes, NJ for Sale
$1,750,000 USD
Apartments - FOR SALE
1/12
null | 8% Cap Rate

26 John Ringo Rd
Ringoes, NJ 08551


HIGHLIGHTS

  • SUBSTANTIAL RENOVATIONS JUST COMPLETED!
  • 100% FULLY OCCUPIED
  • NEW ROOFS, THERMAL PANE WINDOW & SIDING & 2 APARTMENTS JUST RECENTLY UPDATED!

OVERVIEW

SUBSTANTIAL RENOVATIONS JUST COMPLETED! Turn-key 9-unit investment property with over $186,000 of income + potential for even more! You couldn't ask for a more solid investment with great cash flow from day one, long-term tenants and below-market rate rents with a tremendous upside for added income! Landmark corner property featuring nearly 6,000 SF mixed-use building with Retail/Deli, 3 Apartments above, Separate Garage & large on-site parking lot PLUS adjoining Multi Family property with approx. 4,500 SF building featuring 5 apartments. Fully rented and tenants pay their own utilities! The Deli space has natural gas heat and central air. Apartments are elec baseboard heat. Recent improvements include new roofs, windows & siding. Great location just minutes from Flemington and convenient to Princeton. Offered for sale as a package or buy the mixed-use corner property for $825,000 and 5 Family property for $925,000.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

9

PRICE/UNIT

$194,444

CAP RATE

8%

% LEASED

100%

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

2

YEAR BUILT

1900

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

LB

APN/PARCEL ID

08-00027-01-00020

ASK ABOUT THIS PROPERTY

Mark JacobsonCorcoran Sawyer SmithMore Info
908-963-5901

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Mark JacobsonCorcoran Sawyer SmithMore Info
908-963-5901

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