28 John Ringo Rd Ringoes, NJ 08551

This exceptional mixed-use property in Ringoes, NJ, presents a compelling investment opportunity. The nearly 6,000 square foot building sits on a 0.66-acre lot and boasts a prime corner location, offering excellent visibility and accessibility. The property includes a retail/deli space and three apartments above, all currently rented, generating a substantial income stream of $90,600 annually. Tenants are responsible for their own utilities, minimizing operational expenses for the owner. Recent, significant renovations totaling $90,600 have been completed, encompassing a new roof, thermal pane windows, new siding, a renovated stairway accessing the apartments, and a complete overhaul of one apartment unit. The deli space benefits from natural gas heat and central air conditioning, while the apartments utilize electric baseboard heating. Ample on-site parking is available, along with a separate garage. The below-market rents present a significant opportunity to increase income further. This property is conveniently located minutes from Flemington and offers easy access to Princeton. An adjoining multi-family property with approximately 4,500 square feet and five rented apartments is also available for purchase, either individually or as a package deal with this property. This is a rare chance to acquire a strong, cash-flowing investment with significant upside potential.