262 County Road 519
Description
Unlock the potential of this versatile 4-unit commercial property in a prime location! Built in 1900, this 2-story, 2,604 sq. ft. building sits on a generous 0.54-acre lot (23,522 sq. ft.) and is perfect for investors seeking steady income and future growth. Currently fully rented, so only showings for serious investors. This is an estate sale, and executor is not interested in being a landlord. Rents are low for the area. All units are 1 bed. Landlord pays...Prime Commercial Investment Opportunity
Unlock the potential of this versatile 4-unit commercial property in a prime location! Built in 1900, this 2-story, 2,604 sq. ft. building sits on a generous 0.54-acre lot (23,522 sq. ft.) and is perfect for investors seeking steady income and future growth. Currently fully rented, so only showings for serious investors. This is an estate sale, and executor is not interested in being a landlord. Rents are low for the area. All units are 1 bed. Landlord pays for heat, 2024 oil bill was $2030, 2023 oil was $1885. All units individually metered for electric. Property Insurance $5393/yr. Trash and recycling paid monthly at $321/mo. Water tested and passed November 2024. Current Rental Income
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- Listed by Kevin P Zimmer • ERA Central Realty Group - BordentownP: (609)-529-3549 kpzimmer@comcast.net
Property Details for 262 County Road 519
Property Details for 262 County Road 519
| Status | Active |
|---|---|
| MLS # | NJHT2003472 |
| Days on Market | 13 |
| Taxes | $7,288 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1900 |
| Lot Size | 0.54 AC / 23,522 SF |
| County | Hunterdon County |
Building Information for 262 County Road 519
Property Information for 262 County Road 519
- School District Name: SOUTH HUNTERDON REGIONAL
- School District County ID: 300200396159
- SchoolDistrictSource: Listing Agent
- County: HUNTERDON
- MLS Area: Kingwood Twp (21016)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $289,100
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $163,700
- City Town Tax: $0
- Land Assessed Value: $125,400
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: AR-2
- Tax Lot: 00001
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Heat, Insurance, Repairs, Reserves for Replacement, Taxes - Personal property, Trash Collection, Water
- Single Room Units Count: 4
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Units Leased Count: 4
- Number Of Units Vacant: 0
- Vacancy Allowance Rate: 2.15%
- Number Of Units Month To Month: 0
- Rent Control: No
- Operating Expense: $23,059
- Operating Expense Includes: Insurance, Trash
- Insurance Expense: $5,393
- Trash Expense: $3,852
- Maintenance Expense: $3,496
- Heating Oil Avg Month: $169
- Heating Oil Prev 12 Months: $2,030
- Gross Income: $46,620
- Gross Scheduled Income: $46,620
- Net Operating Income: $23,560
- Annual Rental Income: $46,620
- Existing Lease Type: Yearly
- Building Units Total: 4
- Total Finished SQFT: 2,604.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,604.00
- Total SQFT: 2,604.00
- Total SQFT Source: Assessor
- Construction Materials: Frame
- Roof: Asphalt, Shingle
- Basement Type: Dirt Floor, Sump Pump
- Foundation Details: Block
- Lot Size Source: Assessor
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Parcel ID: 3710787
- Ground Rent Exists: No
- Type Of Parking: Driveway
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Utilities: Propane, Electric Available
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Oil
- Hot Water: Electric
- Water Source: Well
- Sewer Septic: Septic Exists
- List Agent AOR: Mid Jersey Association of REALTORS
Property History for 262 County Road 519
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 262 County Road 519
Schools near 262 County Road 519
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Kingwood Township Elementary School PublicPK to 8 | ||
Delaware Valley Reg 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.
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Listing Courtesy of ERA Central Realty Group - Bordentown, Kevin P Zimmer
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