49-53 Main St - Apartments FOR SALE


Sussex, NJ 07461
$1,399,000 USD
973-580-9123
49-53 Main St, Sussex, NJ for Sale
$1,399,000 USD
Apartments - FOR SALE
1/9
null | 8% Cap Rate

49-53 Main St
Sussex, NJ 07461


HIGHLIGHTS

  • This 11-unit building includes 8 luxury apartments, 2 commercial stores, and 1 storage space, all fully rented and providing stable cash flow.
  • Located across from TJ Dunn Park, the property is near major retailers and just off Route 23, offering excellent visibility and commuter access.
  • The building has long-term tenants, all utilities are separately metered, ensuring a hassle-free, stable income stream for investors.
  • With a growing population of 73,000+ and high average incomes, the area offers significant rent growth potential and a strong tenant base.

OVERVIEW

This exceptional 11-unit building presents a rare opportunity to acquire one of the finest apartment buildings in Northern New Jersey. Featuring a one-of-a-kind masonry construction, the property includes 8 luxury residential apartments, 2 fully rented commercial stores, and 1 fully rented storage space. With long-term tenants in place and all utilities separately metered, this building is a stable, income-producing asset. The building is elevator-serviced, fully sprinklered, and offers significant upside potential with room for rent increases in both residential and commercial spaces. The property's prime location just off State Route 23, the main commercial and commuter corridor of Sussex, ensures excellent visibility and accessibility. It is directly across from TJ Dunn Community Park and surrounded by a variety of retail amenities, including Acme Markets, ShopRite of Sussex, Early American Tavern, Sussex Coffee Company, Lorenzo’s Pizzeria, and more. The property is supported by a robust, growing population within a 10-mile radius, which exceeds 73,000 residents. The average household income in the area is $120,644, with over 15,000 renters providing a stable and expanding tenant base. This building offers an outstanding investment opportunity with consistent income, long-term tenants, and substantial growth potential. Secure your position in one of the most desirable areas of Northern New Jersey today.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

8

PRICE/UNIT

$174,875

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1800

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,507 SF

ZONING

NA

APN/PARCEL ID

21-00703-0000-00005

ASK ABOUT THIS PROPERTY

Brian FaircloughFairclough RealtorsMore Info
973-580-9123

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Brian FaircloughFairclough RealtorsMore Info
973-580-9123

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