2 Mine Street

Flemington, NJ 08822

$1,199,000
Price
5
Beds
4
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Highly Profitable Money Maker. Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60. In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay...Highly Profitable Money Maker. Gross Rental Income: $135,000. Net Income: $103,000. Cap Rate 8.60. In the heart of Flemington Main St amongst cafes & restaurants. Only a block from the County Courthouse & Historic Union Hotel which is been renovated into a 100 room hotel & newly developing upscale townhomes & apartments. Great safe neighborhood seeing tremendous growth year over year. This investment property on the corner of Main St & Mine St consists of 4 Apartments & 2 Storefronts. Tenants pay heat, hot water & sewer. Perfect Opportunity for 1031 Exchange & Investors looking for Cash Flow.
  1. Listed by NADEEM QAVI • RE/MAX COMPETITIVE EDGE

Property Details for 2 Mine Street

Directions
Corner of Main St & Mine St
Days On Market
3
Section/Subdiv/Development
Downtown Main St
LISTING UPDATED: 07/27/2024 10:21 AM

Property Details for 2 Mine Street

StatusActive
MLS #3915283
Days on Market122
Taxes$14,201 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built-
Lot Size0.11 AC / 4,791 SF
CountyHunterdon County

Building Information for 2 Mine Street

Stories-Residences4Year Built-Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 2 Mine Street

Summary
Location and General Information
  • Active Days on Market: 3
  • County #: Hunterdon
  • Town Name: Flemington Boro
  • Block Identifier: 36
  • Listing Type: Exclusive Right to Sell
  • Town #: 1909.0
  • Street # Display: 2.0
  • # Parking Spaces: 0
  • County Or Parish: Hunterdon
  • Street Name: Mine St
  • Zip Code: 08822-1516
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $14,201
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 750000.0
  • Tax ID For Property: 1909-00036-0000-00019-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 19
  • Approximate Lot Size: .11
  • Total Acres: 0.11
  • Construction Date/Year Built: 0
  • Construction Date/Year Built Des: Unknown
Property and Assessments
  • Assessment Bldg: 600000.0
  • Assessment Land: 150000.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Heating: Baseboard - Electric
  • Fuel Type: Electric
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Wood
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Partial, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 2.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 1900.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 3.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1900.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat, Tenant Pays Water
  • Unit 3 Rent: 1900.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: See Remarks
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 3.0
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat, Tenant Pays Water
  • Unit 4 Rent: 1650.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 4 Rooms: 5.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $31,873.00
  • Net Operating Income: $103,127.00
  • Gross Operating Income: $135,000.00

Property History for 2 Mine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2 Mine Street

Taxable ValueLand$150,000Additions$600,000Total$750,000
Tax Record2023$14,201 ($1,183 / month)
Home Facts
Total Finished SqFt5,933 SqFtAbove Grade Finished SqFt5,933 SqFtStories3Lot Size4,792 SqFtStyleMiscellaneous CommercialZoningDBCountyHUNTERDONAPN09 00036-0000-00019

Schools near 2 Mine Street

This home is within Flemington-Raritan Regional School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Robert Hunter Elementary School
PublicK to 4

Reading-Fleming Intermediate School
Public5 to 6

J P Case Middle School
Public7 to 8

Hunterdon Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2 Mine Street is a multi-family home for sale in Flemington, NJ 08822. This property was listed for sale on July 24, 2024 by RE/MAX COMPETITIVE EDGE, it's currently listed at $1,199,000. It has been on the market for a total of 122 days and was last sold on December 1, 2016. This listing's school districts are Flemington-Raritan Regional School District, Hunterdon Central Regional High School District. Nearby schools include Robert Hunter Elementary School, Reading-Fleming Intermediate School and J P Case Middle School. 2 Mine Street is a 5-bed, 5-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX COMPETITIVE EDGE, NADEEM QAVI

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 11/23/2024 01:13 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 11/23/2024 01:13 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.