427 Central Ave Phillipsburg, NJ 08865
5-Unit Apartment Building, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $999,900 asking price for a fee-simple multifamily property.
- 8.90% cap rate with an $88,970 NOI.
- Five-unit apartment building totaling 3,122 square feet.
- Completely renovated in 2024, including a new roof, water heaters, flooring, updated baths, paint, kitchens, cabinets, countertops, and stainless steel appliances.
- Located on a 0.22-acre lot in Phillipsburg, NJ, zoned R-4.
- Features a new vinyl siding exterior, new paver patio, and off-street parking.
Property Details for 427 Central Ave
- Property type
- Apartment buildings
- Square Feet
- 3,122 SF
- Year Renovated
- 2024
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 5
Location Insight
- City
- Phillipsburg
- County
- Warren
- State
- New Jersey
- Latitude
- 40.6633408
- Longitude
- -75.1550513
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 5-Unit Apartment Building, High ROI
- Where is the apartment building located?
- The property is located at 427 Central Ave Phillipsburg, NJ.
- What is the asking price?
- The asking price for this property is $999,900.
- What are key features of this property?
- This property features: $999,900 asking price for a fee-simple multifamily property.; 8.90% cap rate with an $88,970 NOI.; Five-unit apartment building totaling 3,122 square feet.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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