NJ
Warren
Phillipsburg Town
08865-1284
1 Memorial Parkway
1 Memorial Parkway, Phillipsburg Town, NJ 08865-1284
Listing Type
multi family
Listing Status
active
20
$695,000

Home Details for 1 Memorial Parkway

Price
$695,000
Type
Multi-Family
Bedrooms
9
Bathrooms
7.0
Square feet
NaN
Year built
9999
Lot size acres
0.14
County
Warren
Total rooms
25
Garage
Basement
Unfinished
Days on site
18
MLS Listing#
3925089
Listing courtesy: KELLER WILLIAMS REAL ESTATE - 908-751-7750
Property Description

Looking for a solid investment in a prime location? This fully leased 7-unit multi-family gem is minutes away from Phillipsburg Shopping, Easton's Upscale Restaurants, and annual vibrant themed festivals, making it a hotspot for tenants! With an impressive 8.52% cap rate and an 11.9% GRM, this property offers incredible income potential. Each of the 7 units boasts cozy living spaces with plenty of charm. Plus, the tenants stay an average of over 5 years! That's stability you can count on. Located on a corner lot with convenient private off-street parking, making it even more attractive to renters. To top it off, over $50,000 in improvements have been made in the last two years, including a new roof and the replacement of two boilers. Whether you're a seasoned investor or just starting out, this property checks all the boxes. With public transportation, major highways, and Lafayette College in Easton nearby, this location can't be beaten. Plus, with the potential for DSCR loan qualification, the financing options are appealing. Don't miss out on this great investment opportunity! Ask your Realtor today to schedule a tour to see this incredible positive cash-flowing property!

Property Features
  • House Interior
    • Carbon Monoxide Detector
    • Carpeting
    • Fire Alarm Sys
    • Fire Extinguisher
    • Smoke Detector
    • Vinyl-Linoleum Floors
  • Parking
    • Common
    • Crushed Stone
    • Off-Street Parking
    • On-Street Parking
  • Heating Information
    • 4+ Units
    • Baseboard - Hotwater
    • Multi-Zone
  • Utilities
    • Electric
    • Gas-Natural
  • Cooling Information
    • Ceiling Fan
  • Water Features
    • Public Water
  • Basement
    • Unfinished
School Information
School Information for 1 Memorial Parkway, Phillipsburg Town, NJ 08865-1284
Elementary School
PHILIPSBRG
Middle School
PHILIPSBRG
High School
PHILIPSBRG
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT REALTY CONNECTIONS
149 Main St., Hackettstown, NJ 07840
Office
908 842 0010
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