$850,000
$795,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
5,300 SqFt
SOLD DATE : 04/25/2024
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 5,300 sqft
Price per Sqft $160
MLS Listing ID NJHT2002598
Sold Date 04/25/24
Style Other
Abv Grd Liv Area 5,300
Originating Board BRIGHT
Year Built 1971
Annual Tax Amount $11,036
Tax Year 2021
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 0.00 x 0.00
Property Description
Great opportunity to own a multi-family home in West Amwell, NJ 08530. The property is located in Hunterdon County, NJ approximately 3 miles from downtown Lambertville, NJ and New Hope, Pennsylvania. The property consists of four residential rental units Unit 1 A that is 1,000 SF ($1,625/month rent- 1 bedroom), Unit 1= 1,300 SF ($1,775/month-1 bedroom, study potential second bedroom), Unit 2= 1,800 SF ($2,150- 2 bedrooms, study and office) and Unit 3 = 1,100 SF ($1,300/month- 1 bedroom) . Separate meters and leases in place 1 year ( First and Second Floor tenants) and a 2 year (Third Floor tenant). Total current income= $82,200/year with potential for additional revenue. The property is located in the Highway Commercial (HC) zone. Brand new oversize septic system just installed ($89,000), new ceiling repaired third floor ($28,000), and new A/C Unit on the second floor ($9,500).
*Expenses are approximate and projected for 2024.
Multiple offers on the property. Please submit all offers to listing agent this by 5 PM this Wednesday February 28, 2024 for consideration. Any questions contact listing agent. Thanks.
Location
State NJ
County Hunterdon
Area West Amwell Twp (21026)
Zoning HC
Interior
Hot Water Electric
Heating Radiator, Baseboard - Electric
Cooling Multi Units, Central A/C
Flooring Carpet, Ceramic Tile, Hardwood
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 10.0
Utilities Available Natural Gas Available, Phone Connected, Cable TV, Electric Available
Water Access N
View Street, Trees/Woods
Roof Type Shingle
Accessibility Other
Total Parking Spaces 10
Garage N
Building
Lot Description Corner, Rear Yard, Road Frontage, Trees/Wooded
Foundation Block
Sewer Private Septic Tank
Water Well
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Vinyl,Other,Dry Wall
New Construction N
Schools
School District West Amwell Twp
Others
Tax ID 26-00008-00052 02
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Stefan D Dahlmark • Kurfiss Sotheby's International Realty
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Agent | License ID: 0225193218 - VA, 5003479 - MD
+1(703) 298-7037 | jason@jasonandbonnie.com