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Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!PROPERTY FEATURES
Number of Units : 5
Number 1 Bedroom Units : 2
Number 2 Bedroom Units : 2
Number Units w/Full Bath : 5
Utilities : Electric, Gas-Natural
Services : Cable TV
Equipment Available : Appliances, Fire Alarm, Handicapped Access, Kitchen Area, Restrooms - Private, Security System, Smoke Detector, Storage Area(s)
Water : Public Water
Sewer : Public Sewer
Number of Parking Spaces : Concrete, Lighting, Off-Street Parking, Parking Lot-Exclusive
Available Parking Spaces : 14
Exterior Description : Vinyl Siding
Lot Description : Level Lot, Possible Subdivision
Lot Size : 150X168 AV S.F
SQFT Available : 25199 S.F
Building Area : 3301 S.F
Office Area : 1000 S.F
Acres : 0.57
Zoning : Mixed
Cooling : 4 Units, Central Air, Ductless Split AC
Heating : 4 Units, Forced Hot Air, Radiant - Electric, Radiators - Hot Water
Fuel Type : Gas-Natural
Construction : Brick/Block
Construction Date/Year Built Description : Approximate, Renovated
Roof Description : Asphalt Shingle
Flooring : Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
Basement Description : Full, Storage, Unfinished
Renovated Year : 2024
PROPERTY DETAILS
Street Address: 354 S Main St
City: Wharton
State: New Jersey
Postal Code: 07885-2048
County: Morris
MLS Number: 3911346
Year Built: 1900
Courtesy of KELLER WILLIAMS VILLAGE SQUARE
City: Wharton
State: New Jersey
Postal Code: 07885-2048
County: Morris
MLS Number: 3911346
Year Built: 1900
Courtesy of KELLER WILLIAMS VILLAGE SQUARE
Courtesy of KELLER WILLIAMS VILLAGE SQUARE
