173 ROUTE 46, MINE HILL, NJ
Multi-Use for Sale - $999,900

Property Info
| CIMLS# | 124191 |
| Location 173 ROUTE 46 MINE HILL NJ 07803 | |
| Updated | July 29th, 2010 |
| Type | Multi-Use |
| Price | $999,900 |
Property Description
GREAT INVESTMENT PROPERTY!!! STRONG RENTAL HISTORY IN THIS 10 UNIT MIXED-USE COMMERCIAL PROPERTY. THIS BUILDING CONSISTS OF 4 APARTMENTS, 5 COMMERCIAL/OFFICE/STORE FRONT SPACES, AND 1 RESTAURANT. NUMEROUS UPDATES HAVE BEEN COMPLETED IN RECENT YEARS TO THIS PROPERTY- INCLUDING UPGRADED PLUMBING & HEATING, NEWER ROOF. PERFECT FOR A 1031 EXCHANGE. THIS BUILDING IS BASICALLY A NO TOUCH FOR AN INVESTOR AND PRODUCES GREAT RETURNS. POTENTIAL FOR HIGHER RETURNS THROUGH RENTAL INCREASES. PLENTY OF PARKING FOR ALL UNITS. CONTACT BROKER FOR RENTAL HISTORIES AND FINANCIALS. PROPERTY HAS UPSIDE RETURNS OF 8-10% WHEN FULLY RENTED.
CONVENIENTLY LOCATED ON ROUTE 46, A MAJOR ARTERY FOR SEVERAL LOCAL TOWNS. EASY ACCESS TO NUMEROUS MAJOR HIGHWAYS- 10/80/206/287. GREAT EXPOSURE WITH OVER 120FT OF HIGHWAY FRONTAGE.
