2 Mine St Flemington, NJ 08822

This exceptional multifamily investment property, located at 2 Mine Street in Flemington, New Jersey, presents a rare opportunity for discerning investors. Priced at $1,199,999, this three-story building boasts a strong 7.56% capitalization rate, based on a gross annual rental income of $122,400. The property comprises four apartments and two storefronts, strategically situated in the heart of Flemington's Main Street, surrounded by thriving cafes and restaurants. Its prime location is just a block from the County Courthouse and the Historic Union Hotel, currently undergoing a significant renovation into a 100-room hotel. The area is experiencing substantial year-over-year growth, fueled by new upscale townhomes and apartment developments. Tenants are responsible for heat, hot water, and sewer costs, further enhancing the property's profitability. This corner location at Main Street and Mine Street offers excellent visibility and accessibility. The property's strong cash flow and prime location make it an ideal candidate for a 1031 exchange, providing a compelling investment opportunity in a rapidly developing market. The zip code is 08822. Detailed financial information is available upon request.