Property Listing No Longer Available for Sale

173 ROUTE 46, MINE HILL, NJ

Multi-Use for Sale - $999,900


Property Info

CIMLS#124191
Location
  173 ROUTE 46
  MINE HILL NJ 07803
UpdatedJuly 29th, 2010
TypeMulti-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.


Financials