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1410 Route 179

LAMBERTVILLE, NJ 08530
  • $795,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: NJHT2002598
Open House
UPDATED: 78 min ago
$795,000
  • 0
    BEDS
  • 2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,300
    SQFT
  • $150
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

School District:

Description

Great opportunity to own a multi-family home in West Amwell, NJ 08530. The property is located in Hunterdon County, NJ approximately 3 miles from downtown Lambertville, NJ and New Hope, Pennsylvania. The property consists of four residential rental units Unit 1 A that is 1,000 SF ($1,625/month rent- 1 bedroom), Unit 1= 1,300 SF ($1,775/month-1 bedroom, study potential second bedroom), Unit 2= 1,800 SF ($2,150- 2 bedrooms, study and office) and Unit 3 = 1,100 SF ($1,300/month- 1 bedroom) . Separate meters and leases in place 1 year ( First and Second Floor tenants) and a 2 year (Third Floor tenant). Total current income= $82,200/year with potential for additional revenue. The property is located in the Highway Commercial (HC) zone. 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).*Expenses are approximate and projected for 2024.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-24T07:04:10.537.
www.assetpropertysolutionsllc.com/homes/146968794
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1410 Route 179 LAMBERTVILLE, NJ 08530

  • Price: $795,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 78 min ago
  • ID#: NJHT2002598
0
Beds
0
Baths
0
½ Baths
2
Acres
5,300
SQFT
$150
$/SQFT
1971
Built
Neighborhood:
West Amwell Twp (21026)
County:
Hunterdon
Area:
West Amwell Twp (21026)
School District:
West Amwell Twp
Property Description
Great opportunity to own a multi-family home in West Amwell, NJ 08530. The property is located in Hunterdon County, NJ approximately 3 miles from downtown Lambertville, NJ and New Hope, Pennsylvania. The property consists of four residential rental units Unit 1 A that is 1,000 SF ($1,625/month rent- 1 bedroom), Unit 1= 1,300 SF ($1,775/month-1 bedroom, study potential second bedroom), Unit 2= 1,800 SF ($2,150- 2 bedrooms, study and office) and Unit 3 = 1,100 SF ($1,300/month- 1 bedroom) . Separate meters and leases in place 1 year ( First and Second Floor tenants) and a 2 year (Third Floor tenant). Total current income= $82,200/year with potential for additional revenue. The property is located in the Highway Commercial (HC) zone. 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).*Expenses are approximate and projected for 2024.
Exterior Features

Architectural Style Other Construction Materials Wood SidingVinyl Siding Garage YN No Location Type Suburban Lot Features CornerRear YardRoad FrontageTrees/Wooded Parking Features PrivateStone DrivewayCrushed Stone Parking Types DrivewayParking Lot Pool No Pool Property Condition Average Riparian Rights YN No Roof Shingle View StreetTrees/Woods Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5300 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Multi UnitsCentral A/C Exclusions Tenants personal furniture Fireplace YN No Flooring CarpetCeramic TileHardwood Heating RadiatorBaseboard - Electric Heating YN Yes Inclusions all existing FF&E and Appliances Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished All Walls Ceilings VinylOtherDry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features Other Assessment Year 2023 Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Existing Lease Type Modified Gross Foundation Details Block Gross Income 82500.00 Heating Fuel Electric Hot Water Electric Insurance Expense 2500.00 Maintenance Expense 8000.00 Municipality WEST AMWELL TWP Navigable Water YN N Net Operating Income 52413.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense 30087.00 Operating Expense Includes TrashSnow Removal Original MLSNumber 802833907334 Other Expense 16086.00 Owner Pays Accounting/LegalCommon Area MaintenanceInsuranceLawn/Shrub CarePest ControlRepairsSnow RemovalTaxes - Real EstateTrash Collection Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Sale Type Standard Sewer Private Septic Tank Structure Design Type Detached Tax Annual Amount 11036.25 Tax Assessment Amount 490500.00 Tax Lot 00052 02 Total Actual Rent 82500.00 Trash Expense 3000.00 Utilities Natural Gas AvailablePhone ConnectedCable TVElectric Available Vacation Rental YN No Water Source Well Year Built Effective 2023 Zoning HC Zoning Description Highway Commercial (HC)

Listing courtesy of Century 21 Abrams & Associates, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-24T07:04:10.537.
 
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