1410 Route 179, West Amwell Township, NJ
Multi-family for Sale - $795,000 - 5,200 Sq. Ft.
Property Info
CIMLS# | 1154276 |
Location 1410 Route 179 West Amwell Township NJ 08530 | |
Updated | February 3rd, 2024 |
Type | Multi-family |
Price | $795,000 |
Building | 5,200 Sq. Ft. |
Property Description
Great opportunity to own a multi-family home in West Amwell, NJ 08530. The property is located approximately 3 miles from downtown Lambertville, NJ and New Hope, Pennsylvania in Hunterdon County, NJ. The property consists of four residential rental units Unit 1A, 1 Bedroom, 1 Bath that is 1,000 SF ($1,625/month rent), Unit 1B, 2 Bedroom, 1 Bath= 1,300 SF ($1,775 /month), Unit 2, Bedroom, 2 bath= 1,800 SF ($2,150) and Unit 3, 1 Bedroom, 1 Bath= 1,100 SF ($1,300/month. All Units separately metered. 3 Leases Expire 12/31/2024 and 1 Lease (Third Floor) expires 12/31/2025. Total current income= $82,500/year with an NOI of $52,413 and possibility to bring in more revenue. Brand new oversize septic system just installed ($89,000) , new ceiling repaired third floor ($28,000) and new A/C Unit on the second floor ($9,500).Great opportunity to own a multi-family home in West Amwell, NJ 08530. The property is located approximately 3 miles from downtown Lambertville, NJ and New Hope, Pennsylvania in Hunterdon County, NJ.