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$600,000

126 Main St

5,120 Sq.Ft.

Description

"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.

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Location

126 Main St, Franklin Boro, NJ 07416

Status

Sold

Property Amenities

Area & Lot
Lot Area 2,613.6 Sq.Ft.
Living area 5,120 Sq.Ft.
MLS® ID 3748299
Year Built 1920
Type Commercial
Status Sold
Exterior
Stories 2
Air conditioning Window Unit(s)
Heat type Baseboard, Electric, Oil, Natural Gas
Water Source Public
Security Features Smoke Detector(s)
Sewer Public Sewer
Parking On Street
Lot Features Corner Lot, Level
Roof Rubber
Utilities Natural Gas Available, Underground Utilities
Finance
Sales Price $600,000
Real Estate Tax $14,131 yearly
John Schlaffer

John Schlaffer

TITLE

Broker of Record | Salesperson

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