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Details
This very unique Mixed-Use property was acquired by its current Owner's over a period of 8 years and who purchased these as three separate parcels that create the sum of the whole, that is now being offered for sale as a complete package. Located on highly visible Route 57 is where you will find the first of these three parcels that consists of a Building with Retail space on the first floor, 3 Bedroom Apartment above and a parking lot that also services the 5 Unit Motel. The second and third parcels share an access Easement along the left side that leads to the two Single Family Homes with the one located to the rear left featuring 2 Bedrooms, full Bath and a basement, while the one to the rear right features 4 Bedrooms, full Bath and 2 car Garage. Seller's represent receiving Gross Income of $99,600.00, Annual Expenses of $37,728.00, resulting in Net Operating Income of $61,872.00 and a Capitalization Rate of 5.1% at the current asking price.PROPERTY FEATURES
Water Source :
Well
Sewer Source :
Septic Tank
Parking Features:
On Site, Public Lot
2
Garage Spaces
Cooling:
Central Air, Window Unit(s)
Heating :
Baseboard, Forced Air
PROPERTY DETAILS
Street Address: 823 - 827 State Route 57
City: Greenwich
State: New Jersey
Postal Code: 08323
County: Warren
MLS Number: 22419286
Courtesy of Diane Turton, Realtors-Rumson
City: Greenwich
State: New Jersey
Postal Code: 08323
County: Warren
MLS Number: 22419286
Courtesy of Diane Turton, Realtors-Rumson
Courtesy of EXP REALTY, LLC
