289 White Bridge Rd - Apartments FOR SALE


Pittstown, NJ 08867
$949,000 USD
908-391-6863
289 White Bridge Rd, Pittstown, NJ for Sale
$949,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

289 White Bridge Rd
Pittstown, NJ 08867


OVERVIEW

It is rare to find multi-family investment property also featuring a US Post Office. The government entity has a 80 yr lease option, and the residential units are on yearly leases that end December 31st of each year. 2 Studios, a 1 bedroom, and a 2 bedroom are offered also in this multi-faceted investment property. A cottage and 2 car garage are two other points of income. L shaped country style structure with over 2 acres and a new septic installed in 2018. Seller spent a lot of time, money, and energy properly updating all residential units. Excellent ROI even with the modest rents that are in place.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

-

APN/PARCEL ID

10-00029-0000-00004-01

ASK ABOUT THIS PROPERTY

Jack DeCavagnalBerkshire Hathaway HomeServices NJ PropertiesMore Info
908-391-6863

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Jack DeCavagnalBerkshire Hathaway HomeServices NJ PropertiesMore Info
908-391-6863

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