2 Mine St Active

Flemington Boro,NJ 08822

$ 1199000

- Bed

- Bath

5933 SqFt


Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,933 sqft

Price per Sqft $202

Subdivision Downtown Main St

MLS Listing ID 3915280

Annual Tax Amount $14,373

Tax Year 2022

Lot Size 4,791 Sqft

Property Description

Highly Profitable 6 Unit Money Maker! Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60 (P&L Attached). In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year.. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for cash flow.

Location

State NJ

County Hunterdon

Zoning DB

Rooms

Basement Partial

Interior

Heating Electric

Cooling No Cool

Equipment See Remarks

Heat Source Electric

Exterior

Exterior Feature Brick/Block, Wood

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Parking Type None

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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