Property Listing No Longer Available for Sale

100 W. Brown St., Somerville, NJ

Multi-Use for Sale - $550,000 - 3,120 Sq. Ft. on 0.17 acres


Property Info

CIMLS#1030466
Location
  100 W. Brown St.
  Somerville NJ 08876
UpdatedNovember 28th, 2018
TypeMulti-Use
Price$550,000
Building3,120 Sq. Ft.
Land0.17 acres

Property Description

Solid brick mixed use building built by original owner. All separate utilities. Professional office on 1st floor and 2 large 1 bedroom apartments on 2nd floor. Apartments presently leased to LONG term tenants (25+ years) with option to re-new. Central air and parking lot in back of building. Roof, furnace, CAC, windows; newer. Hardwood floors thru out. Prime location in Somerville; near major highways and walk to town. Huge basement used by tenants/ washer/dryer.

See MLS # 3509448/ Call l.r. at 908-295-1107


Financials

Cap rate; 8%

GOI; $64,800

Total expenses; $20,800

Net; $44,000



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