120-122 High StNewton, NJ 07860

Property Details for 120-122 High St

Lot size

0.29 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional two-story apartment building, located at 120-122 High Street in Newton, New Jersey, presents a compelling investment opportunity. The property sits on a 0.29-acre lot and comprises a single building housing four units: two two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments. Currently operating at 100% occupancy, this multifamily property generates a strong cash flow with long-term tenants. Modern updates ensure consistent tenant satisfaction. The property includes eight off-street parking spaces, four of which are separate garage spaces rented independently. A shared backyard provides tenants with outdoor space. Its convenient location in historic Newton offers easy access to schools, shopping, and public transportation, contributing to high rental demand. The property boasts a strong rental history with minimal vacancies, making it an attractive addition to any investment portfolio. The asking price for this turnkey investment is $650,000. The property's zip code is 07860, and it is situated in Sussex County.

Location Insight

City

Newton

County

Sussex

State

New Jersey

Latitude

41.0566

Longitude

-74.7603

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