For Sale
$999,900

427 Central AvePhillipsburg, NJ 08865

Five-unit apartment building, newly remodeled.

Overview

Added:
Feb 3
Days on market:
61
This exceptional investment opportunity presents a beautifully remodeled five-unit multi-family apartment building located in desirable Alpha Boro, Phillipsburg, New Jersey. The property boasts a total of 3,122 square feet and features a mix of apartment sizes: three one-bedroom units, one two-bedroom unit, and one three-bedroom unit. Undergoing a complete 2024 renovation, this turnkey property is ready for immediate occupancy. Significant upgrades include a brand new roof, new water heaters, new carpeting and luxury vinyl plank flooring (LVP) throughout, updated bathrooms, fresh paint, and contemporary kitchens featuring new cabinets, countertops, and stainless-steel appliances. The exterior has been revitalized with new vinyl siding, shutters, and a freshly painted block facade. Ample off-street parking is provided by a newly installed paved patio and a stone parking lot. Each unit enjoys its own private entrance, enhancing resident privacy. Separate electric meters simplify management and utility billing. A basement offers additional storage space, with potential for the addition of coin-operated laundry facilities to further increase revenue. This property offers a hassle-free entry into the thriving rental market, presenting a strong return on investment for the discerning buyer. The combination of modern updates, desirable location, and ample parking makes this a truly remarkable investment opportunity.

Property Details for 427 Central Ave

Property type
Apartment buildings
Square Feet
3,122 SF
Year Built
1880

Location Insight

City
Phillipsburg
County
Warren
State
New Jersey
Latitude
40.66335
Longitude
-75.15504
427 Central Ave, Phillipsburg, New Jersey

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427 Central Ave
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