"Golden Number Six" This golden brick building has 6 residential apartments across two levels. This is a two-story building with the owners having access to the roof top. This building offers 2-Three Bedrooms apartments, 1-two bedroom apartment, and 3-one bedroom apartments. All have separate heating and electrical meters for the tenants to each pay their own utilities bills. This 6 Unit Apartment building is for sale with a 7.5% cap rate after 5% vacancy and 10% for estimated annual building maintenance. This building has public utilities and natural gas. No grounds or parking maintenance, the tenants park on the street or in the municipal parking a short distance away during snowy days. This allows for easier property management. Overall a rare investment opportunities for Sussex County. Close to food shopping, shops & stores, and RT23 for easy commuting.
Share Property
Location
126 Main St, Franklin Boro, NJ 07416
Status
Sold
Property Amenities
Area & Lot
Lot Area2,613.6 Sq.Ft.
Living area5,120 Sq.Ft.
MLS® ID3748299
Year Built1920
TypeCommercial
StatusSold
Exterior
Stories2
Air conditioningWindow Unit(s)
Heat typeBaseboard, Electric, Oil, Natural Gas
Water SourcePublic
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
ParkingOn Street
Lot FeaturesCorner Lot, Level
RoofRubber
UtilitiesNatural Gas Available, Underground Utilities