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 | |
Updated | November 28th, 2018 |
Type | Multi-Use |
Price | $550,000 |
Building | 3,120 Sq. Ft. |
Land | 0.17 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