2 Lindbergh RdEast Amwell Township, NJ 08551

  • Residential income properties
  • 10,705 SF
For Sale
$3,400,000 View listing

Property Details for 2 Lindbergh Rd

Year built
1850
Construction
FRAME
Lot size
2.01 AC
Property size (Sq ft)
10,705 SF
Zone code
VAL
Property type
Residential income properties
Property subtype
Residential income homes
APN
08 00034-0000-00037
APU
800034000000037

Description

Exceptional investment opportunity in Ringoes, NJ! This meticulously maintained, 10,705 square foot multi-family property, constructed in 2015, sits on a 2.01-acre lot. The building comprises 13 thoughtfully designed apartments: 12 in the main building and 1 in a separate carriage house. The unit mix includes six one-bedroom and six two-bedroom apartments, offering a diverse rental portfolio. High-quality finishes throughout include maple wood floors, Anderson windows, and Corian countertops. Designed with sustainability in mind, the building boasts a low carbon footprint, resulting in reduced operating costs. Each unit features a kitchen, living room, and full bath

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,194,622
    6.5%
    $2,025,805
    7%
    $1,881,104
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,168,009
    Geo Method
    $2,168,009
  • Alternative Use

    Use
    Valuation
    Residential
    $2,025,805
    Hospitality
    $1,855,626
    Educational
    $1,543,859
    Medical
    $1,596,955
    Retail
    $2,401,559
2 Lindbergh Rd, East Amwell Township, New Jersey

Location Insight

City
Ringoes
County
Hunterdon
State
New Jersey
Latitude
40.4489
Longitude
-74.7981
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,787
$210,100
$977,200
$1,187,300
-
$210,100
$977,200
$1,187,300

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